Study: Healthcare Costs Will Remain Low In Coming Years
Posted on Friday, April 10, 2015 9:34 AM
According to a new study by the Urban Institute, healthcare costs will continue to remain low in years to come, “with the Affordable Care Act playing some yet-to-be fully defined role.” Between 2014 and 2019, CMS projects $2.5 trillion less in public and private healthcare spending compared to projections made earlier by the agency. Over the 2014-2019 period, Medicare spending is expected to decrease by $384 billion, Medicaid by $927 billion, and private health insurance by $688 billion compared to the September 2010 ACA baseline. Originally, the baseline projected spending will total $23 trillion between 2010 and 2019. CMS now says it’s at $21 trillion. The report credits the ACA and new legislation for the trend.
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