Medicare costs down under health care law

health-costsBy Kelly Kennedy | USA Today

Innovations adopted and accelerated by the 2010 health-care law will continue to force down overall Medicare costs, according to industry analysts and studies.

Those changes include new payment plans, improved efficiency and a move toward consumer-driven insurance plans that started before the law’s passage.

They influenced the $618 billion drop in projected Medicare and Medicaid spending over the next decade that was reported May 15 by the Congressional Budget Office.

That report showed that costs for the two programs in 2012 were 5 percent less than projected in early 2010, and the CBO data are expected to foreshadow the spending projections in the annual Medicare trustees report scheduled to be released this week.

Continued:

Related: Health Law Is Fostering Competition, U.S. Says 

If you’d like to discuss health care or employment law, contact David Weissman, head of Rose Law Group Employment Law Department. dweissman@roselawgroup.com

 

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