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.

Favorite

Comments (2)

Showing 1-2 of 2

Add a comment

 
Subscribe to this thread:
Showing 1-2 of 2

Add a comment

More by David Ramsey

Readers also liked…

  • Your daily dose of Jason Rapert

    Sen. Jason Rapert really, really didn't like it when a KATV reporter asked him about the hypocrisy of his political arguments.
    • Feb 4, 2017
  • Latest Obamacare repeal bill would hit Arkansas treasury hard

    The latest effort to undo Obamacare, the Graham-Cassidy legislation, would shift federal support for health coverage to a block grant system to the states. Bad news for Arkansas.
    • Sep 18, 2017
  • Campus gun bill clears committee

    The so-called compromise amendment that will allow anyone 25 or older with a training certificate carry a concealed weapon on public college campuses was approved in a Senate committee this afternoon.
    • Feb 21, 2017

Most Viewed

Most Recent Comments

Slideshows

 

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