Health Care Costs Stabilizing - Is It Permanent or Temporary?
In a very interesting article by NY Times columnist David Brooks, recent data on overall health care cost increases in the US shows annual growth at only 1.6 percent since 2010 (not coincidentally, the year of enactment of the ACA). Is this a permanent reduction, even in part, or is it a temporary reaction to any number of factors such as the 2008 recession, low general inflation, or a lack of significant technological gains in the medical field? Only time will tell, although the Congressional Budget Office has used the data this year to reduce its projection of Medicare expenditures in 2020 by $175 billion from its 2010 estimate.
Posted on November 07, 2015 by Gary B. Kushner, SPHR, CBP, President and CEO