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A New Way of Measuring Health Costs Sheds Light on Recent Health Spending Trends
Using recently-released disease-based health spending data compiled by the federal government, the analysis finds that the drivers of health spending growth shifted in the years following the Great Recession. The number of people treated for various diseases picked up, but that was offset early in the economic recovery by slower growth in the cost of treating those diseases (including prices).
CMS National Health Expenditure Projections 2012-2022
By 2022, the ACA is projected to reduce the number of uninsured people by 30 million, add approximately 0.1 percentage-point to average annual health spending growth over the full projection period, and increase cumulative health spending by roughly $621 billion.
Spending Growth Trends: Keeping An Eye On Spending Per Person
In brief, the Office of the Actuary estimates that national health spending growth in 2014 returned to a rate of over 5 percent, a growth rate not seen since 2007. However, their longer-term health care spending growth projections continue to be pegged at 1.1 percentage points faster than economic growth, a rate well below the historical average.