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AXIOS (Caitlin Owens) - How AI is making health care even less affordable

AI is already making health care more expensive, and it's probably only going to get worse. Why it matters: For all of the ways AI could meaningfully improve patients' lives, making care more affordable isn't one of them. Driving the news: PwC on Thursday estimated that medical costs will go up by 9% in the employer market next year, and by 8.5% in the individual market. One of the largest drivers is providers' use of AI-enabled software and scribes that more thoroughly document the care that's delivered. - Such tools are being used "to capture greater billing complexity, and plans are absorbing the cost," per the report. - PwC said the financial impact isn't so much due to people using more medical services as "changes in coded…

AI is already making health care more expensive, and it's probably only going to get worse. Why it matters: For all of the ways AI could meaningfully improve patients' lives, making care more affordable isn't one of them. Driving the news: PwC on Thursday estimated that medical costs will go up by 9% in the employer market next year, and by 8.5% in the individual market. One of the largest drivers is providers' use of AI-enabled software and scribes that more thoroughly document the care that's delivered. - Such tools are being used "to capture greater billing complexity, and plans are absorbing the cost," per the report. - PwC said the financial impact isn't so much due to people using more medical services as "changes in coded…Open