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Thursday, August 29, 2013

Medicare Spending Growth Slowdown

Via Austin Frakt at The Incidental Economist, a chart showing the slowdown in the growth of Medicare spending:

Chart of the day: Medicare spending growth slowdown: From recent analysis by Michael Levine and Melinda Buntin of the CBO:

Mcare spending growth

...To try to identify the causes of that slowdown, we performed a series of descriptive and statistical analyses based on a diverse array of data sources. However, those analyses did not yield an explanation for most of the slowdown in spending growth.
Fully 75% of the 3.2 percentage point difference between 2000-2005 and 2007-2012 per beneficiary spending growth cannot be explained by payment rate changes, beneficiary demand due to age and health status, Part A only enrollment, prescription drug use, the financial crisis and economic downturn, supplemental coverage.
Needless to say, this is a big and important mystery.

    Posted by on Thursday, August 29, 2013 at 09:59 AM in Economics, Health Care | Permalink  Comments (21)


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