Health insurance subsidies cost $685B yearly — 5 insights

The U.S. government pays $685 billion to subsidize health insurance annually, Bloomberg reports.

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Here’s what you should know.

1. Approximately $296 billion is spent on Medicaid and the Children’s Health Insurance Program.

2. Work-related subsidies for health insurance account for $279 billion.

3. Medicare accounts for $82 billion.

4. The ACA is the smallest segment at only $55 billion.

5. In total, the subsidies are 3.4 percent of U.S. gross domestic product.

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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

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Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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