How Much Will Medicare Spending Rise in the Coming Decade?

January 26th, 2010 admin

The CBO budget report released today says the growth in Medicare and Medicaid spending during the next decade “will be somewhat slower than the average rate seen over the past 10 years.” Sounds too good to be true — and it almost certainly is. As is standard operating procedure for the CBO, its cost estimates build in savings that are planned under current law. In the case of Medicare, CBO’s calculation of a slowdown in Medicare growth includes a substantial 21% cut in payments …


Originally posted on WSJ

 
  Related Posts
U.S. Health Spending Slows
How do you read today’s news that the growth of U.S. health care spending slowed in 2008 to its lowest level in 48 years? What is significant in these numbers, and what do they mean for health care reform? The Centers for Medicare and Medicaid Services released their findings today, and officials there wrote their analysis in the journal Health... 
Medicare’s Popularity Defies Need to Cut Spending
Medicare has unfunded liabilities that dwarf the $12 trillion in current debt but President Obama faces a daunting task to cut such a popular program. [Original News Article]  Read More →
Medicare’s Future
What will be the effect of health care reform on Medicare — for all stakeholders, including seniors, the federal government and medical providers? Has Congress put Medicare on a path to financial stability? The law cuts some payments to medical providers, lowers payments to Medicare Advantage health plans, helps seniors more with prescription... 
ISSP model can help payers realize oncology savings of $16.3M for every 10,000 Medicare beneficiaries
New Century Infusion Solutions, Inc. Model.” The report estimates that over a 10-year horizon, a payer could realize oncology savings of “$16.3 million for every 10,000… [Original News Article]  Read More →
Part II — The Medicare Medical Home Demonstration: Crawling Out From Under the Rock
In Part I of my guest post on The Collaborative Forum blog, I wrote that the  Medicare Medical Home Demo is in BIG Trouble . Here’s a recap: Political reality dictates that the MMHD must save costs. As currently structured, the MMHD cannot achieve cost savings In any given year, only a small percentage of patients account for the vast majority... 
Chronic Conditions Now Drive Medicare Spending Increases
An article published yesterday by Health Affairs finds that the causes of Medicare spending growth have changed dramatically over the past two decades.  Twenty years ago, most of the increases were due to inpatient hospital services, especially for heart disease, but recent annual increases are the result of outpatient treatment of chronic conditions... 
Wellness Programs And Diabetes Costs
Wellness Programs And Diabetes Costs
Two Web-First articles published today by Health Affairs analyze factors driving medical spending and the potential of certain strategies to curtail spending growth.  One study  evaluates the evidence on workplace wellness programs and finds that the medical savings outweigh the costs for employers.  The second breaks new ground by developing... 
OIG Releases Compendium of Unimplemented Recommendations
On March 11, 2010, the Department of Health and Human Services’ (HHS) Office of Inspector General (OIG) released its Compendium of Unimplemented Office of Inspector General Recommendations (March 2010). The Compendium includes information about OIG recommendations that had not been fully implemented as of September 30, 2009.  The Compendium... 
2009 U.S. Health Spending Estimated At $2.5 Trillion
2009 U.S. Health Spending Estimated At $2.5 Trillion
According to annual government projections  published today in Health Affairs , U.S. health care spending is expected to have reached $2.5 trillion in 2009—up an estimated 5.7 percent since 2008 despite a projected decline in the gross domestic product (GDP) in the same period. As a result, health care’s share of the economy grew 1.1... 
Pfizer Plans to Cut Billions in Annual R&D Spending
Pfizer Plans to Cut Billions in Annual R&D Spending
Pfizer spent $2.8 billion on R&D in the fourth quarter of last year, according to today’s earnings announcement from the company. But R&D spending is about to fall pretty sharply, according to estimates from the company. This is no surprise — the big spending in the fourth quarter was largely the result of the company’s... 
  Related Tweets from Twitter
PredatorSpenc (PredatorSpenc)  : Standing up to banks: With the nation on the brink of a monetary collapse, Congress in 2008 issued $700 billion in... http://bit.ly/dzKvKK..
Updated : 2010-08-01T10:44:29Z   |  Reply  |  View Tweet
VeldaM (VeldaM)  : Tell Congress to stop future oil spill disasters | Change.org http://bit.ly/9Q8Jp8..
Updated : 2010-08-01T10:43:58Z   |  Reply  |  View Tweet
VeldaM (VeldaM)  : Tell Congress to stop future oil spill disasters | Change.org http://bit.ly/9Q8Jp8..
Updated : 2010-08-01T10:43:58Z   |  Reply  |  View Tweet
dentay85 (Denise Taylor)  : Spill puts industry, Congress on notice: Do such regulators have the legal authority and resources they need from ... http://bit.ly/aWAv8p..
Updated : 2010-08-01T10:43:52Z   |  Reply  |  View Tweet
dentay85 (Denise Taylor)  : Despite anger over BP spill, changes may be limited in Washington: Congress is considering stricter regulation of ... http://bit.ly/bWhwTh..
Updated : 2010-08-01T10:43:52Z   |  Reply  |  View Tweet
  Related News from Digg
No comments yet.

Spam Protection by WP-SpamFree

TOP