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October 2025
Latin America and the Caribbean
2025
*The source provides the following information for the definition of medical trend "Medical trend refers to the predicted annual percentage increase in the cost of treating patients and providing healthcare services, serving as a tool to forecast rising healthcare expenses by considering factors like inflation, service utilization, prescription drug costs, and advancements in medical technology. It differs from medical cost, which is the current baseline amount, while medical trend represents the rate at which these costs are expected to grow.Â
The trend rate figures shown in this report represent the percentage increases in medical plan unit costs, both insured and self-insured, that are anticipated for the coming year. The medical trend rates provided are not meant to represent an overview of each location’s healthcare costs as a whole, meaning care should be taken in interpreting the information presented here."









