CMS Says Healthcare Spending Growing Faster than Economic Growth

///CMS Says Healthcare Spending Growing Faster than Economic Growth

CMS Says Healthcare Spending Growing Faster than Economic Growth

According to results from a study that the CMS released last Friday, healthcare spending has surpassed the overall spending on health by a total of 5.8% in 2015. The spending on healthcare had increased by 5% in 2015. 

Although the overall health spending rate and the healthcare spending rate continues to grow, they are still below the average spending rates before the start of the Affordable Care Act in 2010. The report from CMS showed that overall healthcare spending had increased 4.5% for private health insurance enrollees, 1.7% for Medicare enrollees and 3.8% for Medicaid enrollees.

The 2015 spending was a result of the increases in services used by those who gained insurance. Another factor to the increase in health spending was the cost of prescription drugs, which had increased 9% in 2015.

Health coverage increased through the passage of the Affordable Care Act. The number of those with health coverage had increased to 90.9% of the U.S. population in 2015, compare to only 86% in 2013.

Read the original article from Revenue Cycle Insights here.

 

 

 

By | 2016-12-09T09:38:16+00:00 December 9th, 2016|Articles, Industry Updates|0 Comments