Wednesday, July 9, 2014

The amazing drop in expected Medicare costs

Posted By on Wed, Jul 9, 2014 at 2:46 PM

More bad news for the Obamacare naysayers. There's been a dramatic drop in expected Medicare spending — $50 billion in savings this year against costs predicted four years ago.

It's complicated, of course, and precise explanations aren't readily at hand. But, expensive hospital readmissions are down. And ....

The health care law[Obamacare]  included lots of changes to the way that doctors get paid within the Medicare program, all aimed at getting doctors to provide better care at lower costs. That's true, for example, with readmissions: Obamacare now penalizes hospitals when their patient shows up for a second visit that didn't need to happen, if everything had gone right the first time.

Facts don't matter to the faithful, of course. Obama and his health bill MUST be bad. Still .... 

"The numbers are impressive, and the consecutive year-to-year reductions in projected Medicare spending are unprecedented," Kaiser Family Foundation's Tricia Neuman and Juliette Cubanski, who drew up the above chart, write. "The unexpected $1,000 per beneficiary reduction in spending this year may ease short-term budgetary pressures on Medicare and could provide an opportunity for thoughtful consideration of ways to bolster the program for an aging population."

Tags: ,

Favorite

Speaking of Obamacare, Medicare

Comments (5)

Showing 1-5 of 5

Add a comment

 
Subscribe to this thread:
Showing 1-5 of 5

Add a comment

More by Max Brantley

Readers also liked…

Most Shared

  • Lawsuit filed over settlement in forum-shopping class action case

    The lawyers facing disciplinary action by federal Judge P.K. Holmes in Fort Smith over their settlement of a class action lawsuit against the USAA insurance company have a new legal headache.
  • Cherokee tribe backs the casino amendment

    NOW, I get it. The group circulating petitions for a constitutional amendment to establish casinos in Boone, Miller and Washington counties reveals that the deal anticipates operation of the casino in Washington County by the Cherokee tribe that now has casino operations in Oklahoma.
  • A modest proposal for charter schools

    It was just a little over a year ago when Baker Kurrus was hired as the superintendent of the Little Rock School District. With new Education Commissioner Johnny Key there was a strong concern that the Little Rock school system would be converted to all charter schools and the entire public education system would disappear.
  • Highway Department: Key parts of new Clarendon bridge installed upside down.

    The future of the old Highway 79 bridge at Clarendon is uncertain, but it's a good thing the Arkansas Highway and Transportation Department didn't jump the gun on demolishing it.That's because the new bridge at Clarendon — or at least the western approach, which is elevated over U.S. Fish and Wildlife wetlands — is snakebit.
  • Mansion wars

    It has never been as consequential as Versailles, which helped trigger the French Revolution, but the royal palace of Arkansas's First Family has always been an object of political intrigue.

Most Viewed

Most Recent Comments

Blogroll

 

© 2016 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation