US Healthcare Spending Could Be $2.6T Below 2010 Estimates
According to a recent report by the Urban Institute, national health spending by the end of the decade is projected to be as much as $2.6 trillion lower than forecasts developed in 2010.
Declines in projected Medicare, Medicaid, and private health insurance spending certainly contribute to this new projection, as did the recession, which decreased spending in all market sectors. The impact of the Affordable Care Act is still unclear, though cost containment for hospital readmissions under Medicare, lower insurance premiums, and reduced numbers of outpatient visits and other Medicare-funded services in the last six years cannot be dismissed. Read the institute’s full report here.