US healthcare spending to reach $21.1T: 4 notes

A new Urban Institute study found the United States is expected to spend $2.6 trillion less over the next six years on healthcare than past estimates suggested, according to The Hill.

Here are four notes:

1. A 2010 estimate projected U.S. healthcare spending would reach $23.7 trillion between 2014 and 2019.

2. In 2015, a study projected the United States would spend $21.1 trillion in that time frame, $2.6 less than the 2010 estimate.

3. Various factors such as a slow recovery following the recession and Medicare reform may play significant roles in the lower-than-projected spending.

3. The shift to value-based payments and participation in accountable care organizations may also contribute to this reduced figure.

4. Additionally, various states failing to expand Medicare and cover more individuals may contribute to the smaller estimate.

More articles on coding & billing:
Why antitrust regulators remain skeptical about the Anthem-Cigna merger & how this may impact the $48B deal: 6 key notes
White House to provide states $22M to fight premium hikes: 6 key points
Andy Slavitt talks CMS goals at 2016 AMA meeting — 4 things to know

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Webinars

Featured Whitepapers

Featured Podcast