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Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 7 January 2014 [View all]xchrom
(108,903 posts)25. Obamacare Tested by Recession’s Effect on Health Care
http://www.bloomberg.com/news/2014-01-06/obamacare-tested-by-recession-s-effect-on-health-care.html
The U.S. recession remained a drag on health-care spending three years after it ended as a net of 9.4 million people lost private insurance coverage before key provisions of Obamacare had begun, a government report showed.
Spending on hospitals, doctors, drugs and other health-care services rose 3.7 percent to $2.8 trillion in 2012, or about 17.2 percent of gross domestic product, actuaries at the Centers for Medicare and Medicaid Services said in a report published yesterday in the journal Health Affairs. Growth was 6.3 percent at the end of 2007, when the U.S. entered an 18-month recession.
The 2010 Patient Protection and Affordable Care Acts largest health-care expansions didnt begin until this year, including private insurance for about 2.1 million new people and expanded Medicaid coverage for others. CMS actuaries have said spending should jump by 6.1 percent in 2014 as a result.
Expanded coverage is going to cause spending to go up, Charles Roehrig, the director of the Altarum Institutes Center for Sustainable Health Spending in Ann Arbor, Michigan, which studies cost growth, said in a phone interview.
The U.S. recession remained a drag on health-care spending three years after it ended as a net of 9.4 million people lost private insurance coverage before key provisions of Obamacare had begun, a government report showed.
Spending on hospitals, doctors, drugs and other health-care services rose 3.7 percent to $2.8 trillion in 2012, or about 17.2 percent of gross domestic product, actuaries at the Centers for Medicare and Medicaid Services said in a report published yesterday in the journal Health Affairs. Growth was 6.3 percent at the end of 2007, when the U.S. entered an 18-month recession.
The 2010 Patient Protection and Affordable Care Acts largest health-care expansions didnt begin until this year, including private insurance for about 2.1 million new people and expanded Medicaid coverage for others. CMS actuaries have said spending should jump by 6.1 percent in 2014 as a result.
Expanded coverage is going to cause spending to go up, Charles Roehrig, the director of the Altarum Institutes Center for Sustainable Health Spending in Ann Arbor, Michigan, which studies cost growth, said in a phone interview.
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Would you believe living with my in-laws while my now ex did his military service?
Demeter
Jan 2014
#34