Uncategorized

Slowdown in health spending may continue, saving US, NC, business big $$

5.coverThis is starting to be a really big deal.  Over the last few years, health costs in the US have grown at their slowest pace in the last 50 years.  This is important because projections of the federal budget deficit, projections of state health care costs in programs like Medicaid and health costs for businesses all are drastically altered if we actually are able to slow the rate of health care cost growth.

Simply put, if health costs continue on this trajectory of much lower growth, our long-term worry about federal deficits is given some much-needed breathing room.  For a state like North Carolina, a continuation of our already lowest-in-the-nation cost growth in our Medicaid program would mean a much stabler state budget and more flexibility to meet state needs.

Some have argued that the health spending slowdown is simply due to the lingering effects of the recession, but a new study detailed in the health policy journal Health Affairs is showing surprising data that a substantial part of the spending slowdown will continue:

Our findings suggest cautious optimism that the slowdown in the growth of health spending may persist—a change that, if borne out, could have a major impact on US health spending projections and fiscal challenges facing the country.

 

Check Also

Senator Richard Burr: Makes up his own facts about NC Medicaid in order to criticize it

North Carolina’s Senator Burr used to be a ...

Top Stories from NCPW

  • News
  • Commentary

With midterm elections around the corner, lawmakers have, unsurprisingly, taken aim at last minute c [...]

On May 25, the news headlines read that Democratic state Senate candidate Jen Mangrum had been disqu [...]

If it seemed impossible that neighbors of industrialized hog farms had any legal rights left to lose [...]

Can you put a price tag on victims' rights? A fiscal note obtained by NC Policy Watch that has [...]

The post SB 711 – The pig’s roast appeared first on NC Policy Watch. [...]

In another effort to pander to the minority of Americans who want to make abortion and birth control [...]

The practice of loading down noncontroversial legislation with divisive and partisan provisions is a [...]

It usually happens a few times every legislative session: at some point during their annual stay in [...]