Medical spending slowdown a national trend | Arkansas Blog

Tuesday, February 12, 2013

Medical spending slowdown a national trend

Posted By on Tue, Feb 12, 2013 at 6:52 AM

Arkansas has gotten news lately of a drop in the expected Medicaid deficit thanks to slowing cost increases.

We are not alone. NY Times today:

A sharp and surprisingly persistent slowdown in the growth of health care costs is helping to narrow the federal deficit, leaving budget experts trying to figure out whether the trend will last and how much the slower growth could help alleviate the country’s long-term fiscal problems.
Enlarge This Image

In figures released last week, the Congressional Budget Office said it had erased hundreds of billions of dollars in projected spending on Medicare and Medicaid. The budget office now projects that spending on those two programs in 2020 will be about $200 billion, or 15 percent, less than it projected three years ago. New data also show overall health care spending growth continuing at the lowest rate in decades for a fourth consecutive year.

Why? Maybe from changes in health care delivery. Maybe doctors have all decided to get by on less income. You think? Or maybe a combination of factors:

Part of the slowdown stems from “the recession and the loss of income and wealth” causing people to cut back on health care, Douglas W. Elmendorf, the director of the Congressional Budget Office, said last week. But he added that a “significant part” of the slowdown “probably arises from structural changes in the health care system.”

Tags: , , ,


Favorite

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

  • Feds bust Central Arkansas drug ring

    The U.S. attorney's office in Little Rock announced today the indictment of 31 people on 53 drug, gun and money laundering charges in a Central Arkansas drug distribution operation supplied from California.
    • Sep 20, 2018
  • Six Supreme Court justices found to have violated ethics code

    The Arkansas Judicial and Disability Commission has announced the filing of formal charges of ethics violations against six members of the Arkansas Supreme Court for their handling of a case involving Circuit Judge Wendell Griffen.
    • Sep 20, 2018
  • Thursday's open line

    A light news day unless your name is Brett Kavanaugh. Here's the open line.
    • Sep 20, 2018
  • More »

Readers also liked…

  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017
  • Greenbrier's paddling of student protester goes worldwide

    The paddling of Greenbrier High School students who joined in te national school walkout Wednesday has produced headlines worldwide.
    • Mar 17, 2018
  • Free Zinn book for Arkansas teachers

    Arkansas teachers! Get your free Howard Zinn book here! Whether Kim Hendren likes it or not.
    • Mar 3, 2017

People who saved…

Most Viewed

Most Recent Comments

  • Re: Thursday's open line

    • This Coward Trump quote from the article linked below is my pick for "Idiot's Quote"…

    • on September 20, 2018
  • Re: Thursday's open line

    • Franklin Graham hearts him some BP Oil. Yeah, THAT BP, who befouled the Gulf. FYI:…

    • on September 20, 2018
  • Re: Thursday's open line

    • Would that Franklin Graham asshat contend that the fact that this is okay, because it…

    • on September 20, 2018
 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation