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2008 Healthcare Spending Experiences Slowest Growth Rate in 48 Years
Americans spent an average of $7,681 per person on healthcare during 2008, just a 3.5 percent rise over the previous year – the slowest growth rate in 48 years. According to a report issued by the...
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Healthcare Costs Add Up to 17.3 Percent of GDP in 2009
Healthcare spending in 2009 reached a record high of 17.3 percent of the nation’s GDP, representing a growth rate of 5.7 percent in a year when the general GDP shrank. The Kaiser Family Foundation, a...
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CBO Warns That Healthcare Reform Will Increase Federal Spending
The federal government’s share of dollars spent on healthcare is expected to soar from five percent of the current GDP to approximately 10 percent by 2035. The increases are likely to continue...
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Spending Big Bucks Doesn’t Equal Better Healthcare
The National Committee for Quality Assurance (NCQA) reports that there is no correlation between the amount health plans spend and the quality of care their members receive. In their annual State of...
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Healthcare Spending Slowed in 2009
Americans’ healthcare spending grew by just four percent in 2009 (the last year for which statistics are available), the smallest annual increase in 50 years. This suggests that Americans did not seek...
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Most Firms Plan to Keep Their Health Insurance Plans After 2014
Approximately three-quarters (71 percent) of mid-sized to large companies plan to retain their health insurance plans in 2012, according to a new Towers Watson survey. Another 53 percent expect the...
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Medicare, Medicaid Costs Rising More Slowly
Healthcare spending nationally grew slowly for the second successive year in 2010, bringing it in line with growth in the U.S. economy as a whole, according to the Department of Health and Human...
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The Concierge Revolution: Bringing Back Marcus Welby
During a historic time of change within the healthcare sector, most notably the passage of the $938 billion Affordable Care Act (ACA), which will reduce healthcare spending by $138 billion according...
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Healthcare’s Early Hope?
We have a couple of promising trends emerging from the recent reports. Consumers saved $3.9 billion in premiums last year, according to an analysis released today from the CMS. Why? Because Obamacare...
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