Tuesday, January 7, 2014

Growth in the rate of Health Spending Slows

The rate of growth in over all health care spending has slowed according to the recently released information by (CMS) The Centers for Medicare and Medicaid.  This seems to indicate measures designed to control rising health care spending are being effective. 

-Community programs that deliver care in the residence as an option to nursing home services

-Increased consumer contributions (deductible, copays, coinsurance)

-Availability of generic medication

-Movement of inpatient treatment to improved outpatient procedural delivery setting

-Expanding supportive care services

These interventions have slowed the growth of health spending despite an increase in  the number of people becoming eligible for Medicare and Medicaid .  Spending on health as a share of the gross domestic product has fallen.  The slow growth in health spending has sustained over time. 

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