Bending the cost curve? New data shows that health spending growth has slowed dramatically. | Arkansas Blog

Tuesday, January 2, 2018

Bending the cost curve? New data shows that health spending growth has slowed dramatically.

Posted By on Tue, Jan 2, 2018 at 12:35 PM

One rather remarkable finding from a new Kaiser Family Foundation report, based on newly released National Health Expenditure data from the Centers for Medicare and Medicaid Services: Health spending continues to grow, but per capita growth has slowed and is now much closer to the GDP per capita rate of growth.

click to enlarge health_spending.png

Does that mean the cost curve has been bent? Too early to say, but it's worth noting that the graph above would have been unthinkable in the decade prior to Obama coming in to office. Whether or not you think Obamacare is the prime mover here, it's worth noting that this represents significantly more progress than even the most ardent backers of the law were hoping for. Those that said who said that the law would lead to an explosion in health spending growth rates were wrong. 

It's worth keeping this progress in mind when Republican lawmakers inevitably claim that we need to pay for the tax cuts they just enacted with cuts to Medicare and Medicaid.

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