Posts Tagged ‘reduced

25
Aug
11

‘medicare spending has begun to slow dramatically’

Maggie Mahar (Taking Note): It is an article of faith, at least among conservatives, that as long as Medicare remains a government program, outlays will rise relentlessly, year after year. Only “the market” could possibly tame Medicare inflation, they say. The fear-mongers argue that unless we either shift costs to seniors; raise the age when they become eligible for Medicare; or turn the whole program over to private sector insurers, Medicare expenditures will bankrupt the country.

Here is the truth: Both Standard & Poor’s (S&P) and the Congressional Budget Office (CBO) now have 18 months of hard data showing that Medicare spending has begun to slow dramatically.

Health reform legislation has not yet begun to kick in to pare Medicare payments, but something is changing on the ground. Medicare spending began to plunge in January of 2010. After levitating by an average of 9.7 percent a year from 2000 to 2009, CBO’s monthly budget reports show that Medicare pay-outs are now rising by less than 4 percent a year…..

… This slow-down is not a result of Congress cutting Medicare spending. Instead, as former White House health care adviser Dr Zeke Emanuel pointed out, providers are “anticipating the Affordable Care Act kicking in 2014”. They can’t wait until the end of 2013, he explained: “They have to act today. Everywhere I go,” Emanuel, told me, “medical schools and hospitals are asking me, ‘How can we cut our costs by 10 to 15 percent?’ They know that they must trim their own costs if they are going to lower the bills that they send to Medicare.’”….

Full post here

Thanks BWD




@POTUS

@BarackObama

@WhiteHouse

@FLOTUS

@MichelleObama

@PeteSouza

Enter your email address to receive notifications of new posts by email.

@TheObamaDiary

@NerdyWonka

RSS Obama White House.gov

  • An error has occurred; the feed is probably down. Try again later.

RSS WH Tumblr

  • An error has occurred; the feed is probably down. Try again later.

RSS Steve Benen

  • In 2016, Trump promised to enforce laws on classified material
  • Inside the Arizona GOP' 'anti-democracy experiment'
  • Peter Wehner: Rhetoric using political violence often leads to political violence
  • The U.S. is dealing with a teacher shortage, says education secretary
  • The NBA announces it will hold no games on Election Day

Categories

Archives

Blog Stats

  • 43,268,338 hits
August 2022
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031