Here are five takeaways:
1. In 2015, the government spent $936 billion on healthcare programs such as Medicare, Medicaid and subsidies related to the Affordable Care Act, as found in a congressional budget scorekeeper report.
2. This spending was a 13 percent increase from 2014.
3. Last year, spending on Social Security reached $882 billion.
4. The escalating costs of healthcare programs will likely cause an election-year debate on the Affordable Care Act and its significant impact on the budget.
5. In the CBO report, officials offered a warning about mandatory spending programs and their share of the federal budget. In 2015, mandatory programs spending increased by $200 billion.
More healthcare news:
Tenet, Glenview Capital Management agreement adds 2 new board members; AmSurg poised for growth & more — 4 key notes on ASC companies
4 legislative changes impacting ASCs — January 21, 2015
FBI conducts raid throughout Mississippi, seizes $15M in assets — 6 things to know
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.