The Long-term Outlook for Health Care Spending
Author | : |
Publisher | : |
Total Pages | : 40 |
Release | : 2007 |
Genre | : Budget |
ISBN | : |
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Author | : |
Publisher | : |
Total Pages | : 40 |
Release | : 2007 |
Genre | : Budget |
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Total Pages | : |
Release | : 1998 |
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Author | : Executive Office of the President |
Publisher | : Createspace Independent Publishing Platform |
Total Pages | : 28 |
Release | : 2014-10-23 |
Genre | : Health & Fitness |
ISBN | : 9781502942531 |
This report analyzes recent trends in health care costs, the forces driving those trends, and their likely economic benefits. The report includes the following findings about recent trends: • Health care spending growth is the lowest on record. According to the most recent projections, real per capita health care spending has grown at an estimated average annual rate of just 1.3 percent over the three years since 2010. This is the lowest rate on record for any three-year period and less than one-third the long-term historical average stretching back to 1965. • Health care price inflation is at its lowest rate in 50 years. Recent years have also seen exceptionally slow growth in the growth of prices in the health care sector, in addition to total spending. Measured using personal consumption expenditure price indices, health care inflation is currently running at just 1 percent on a year-over-year basis, the lowest level since January 1962. (Health care inflation measured using the medical CPI is at levels not seen since September 1972.) • Recent slow growth in health care spending has substantially improved the long-term Federal budget outlook. The Congressional Budget Office (CBO) has reduced its projections of future Medicare and Medicaid spending in 2020 by $147 billion (0.6 percent of GDP) since August 2010. This represents about a 10 percent reduction in projected spending on these programs. These revisions primarily reflect the recent slow growth in health care spending.
Author | : Raymond W. Inhurst |
Publisher | : Nova Science Publishers |
Total Pages | : 110 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : |
The U.S. political system arguably is not particularly effective at addressing gradual long-term problems such as rising health care costs and ageing. But the problems caused by rising health care costs are not just long-term ones. In fact, some of them are already having significant effects on various aspects of our society. Health care costs are already reducing workers' take-home pay to a degree that is both under-appreciated and at least partially unnecessary, consuming roughly a quarter of the federal budget, and putting substantial pressure on state budgets (mostly through the Medicaid program), thereby constraining funding for other governmental priorities. Identifying and addressing inefficiencies in the nation's health care system can yield significant benefits, even in the short term, and focusing attention on those effects that are already occurring may be helpful in developing the consensus necessary to make the needed changes.
Author | : Joyce Manchester |
Publisher | : DIANE Publishing |
Total Pages | : 90 |
Release | : 2010-11 |
Genre | : Business & Economics |
ISBN | : 1437936040 |
Examines the pressures on the federal budget by presenting projections of federal spending and revenues over the coming decades. An aging population and rapidly rising health care costs will sharply increase federal spending for health care programs and Social Security. Such spending will cause federal debt to grow to unsustainable levels. Policymakers will need to let revenues increase substantially, decrease spending significantly, or adopt some combination of those two approaches. Contents of this report: Long-term Outlook for the Federal Budget; Long-term Outlook for Mandatory Spending on Health Care; Long-term Outlook for Social Security; Long-term Outlook for Revenues; Long-term Projections through 2080. Charts and tables.
Author | : Institute of Medicine |
Publisher | : National Academies Press |
Total Pages | : 852 |
Release | : 2011-01-17 |
Genre | : Medical |
ISBN | : 0309144337 |
The United States has the highest per capita spending on health care of any industrialized nation but continually lags behind other nations in health care outcomes including life expectancy and infant mortality. National health expenditures are projected to exceed $2.5 trillion in 2009. Given healthcare's direct impact on the economy, there is a critical need to control health care spending. According to The Health Imperative: Lowering Costs and Improving Outcomes, the costs of health care have strained the federal budget, and negatively affected state governments, the private sector and individuals. Healthcare expenditures have restricted the ability of state and local governments to fund other priorities and have contributed to slowing growth in wages and jobs in the private sector. Moreover, the number of uninsured has risen from 45.7 million in 2007 to 46.3 million in 2008. The Health Imperative: Lowering Costs and Improving Outcomes identifies a number of factors driving expenditure growth including scientific uncertainty, perverse economic and practice incentives, system fragmentation, lack of patient involvement, and under-investment in population health. Experts discussed key levers for catalyzing transformation of the delivery system. A few included streamlined health insurance regulation, administrative simplification and clarification and quality and consistency in treatment. The book is an excellent guide for policymakers at all levels of government, as well as private sector healthcare workers.
Author | : |
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Total Pages | : 0 |
Release | : 2008 |
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Author | : U.s. Government Accountability Office |
Publisher | : Createspace Independent Publishing Platform |
Total Pages | : 60 |
Release | : 2017-08-03 |
Genre | : |
ISBN | : 9781974196197 |
" GAO regularly prepares long-term federal budget simulations under different assumptions about broad fiscal policy decisions. GAO's Baseline Extended simulation illustrates the long-term outlook assuming current law at the time the simulation was run is generally continued, while the Alternative simulation illustrates the long-term outlook assuming historical trends and past policy preferences continue. Under either set of assumptions, these simulations show that the federal budget is on an unsustainable fiscal path driven on the spending side by rising health care costs and the aging of the population. PPACA provides for expanded eligibility for Medicaid and federal subsidies to help individuals obtain private health insurance and includes provisions designed to slow the growth of federal health care spending. GAO was asked to describe the longterm effects of PPACA on the federal fiscal outlook under both its Baseline Extended and Alternative simulations; how changes in assumptions for federal health care cost growth might affect the outlook; and the key drivers of health care cost growth and how the uncertainty associated with each may influence future health care spending. To do this, GAO compared the results of its long-term fiscal simulations from before and after the enactment of PPACA and examined the key factors that contributed to changes in revenue and spending components; reviewed trends in health care cost growth and performed a sensitivity analysis"
Author | : Stanley J. Czerwinski |
Publisher | : DIANE Publishing |
Total Pages | : 16 |
Release | : 2009-05 |
Genre | : Health & Fitness |
ISBN | : 1437911811 |
Provides a view on projected trends in health care costs and their effect on the long-term outlook for state and local governments in the context of the current economic environment. It addresses 3 key points: (1) the state and local gov¿t. sector's long-term fiscal challenges; (2) rapidly rising health care costs which drive the sector's long-term fiscal difficulties; and (3) the considerations involved in targeting supplemental funds to states through the Medicaid program during economic downturns. The author also analyzed strategies to help states address increased Medicaid expenditures during economic downturns. The simulation model adjusts the amount of funding states would receive based on changes in unemployment and spending on Medicaid services.
Author | : United States. Congressional Budget Office |
Publisher | : |
Total Pages | : 14 |
Release | : 2008 |
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ISBN | : |