Managed Care

 

Health Expenditures Ease a Bit; Drugs Lead Cost-of-Care Increase

MANAGED CARE August 1999. © MediMedia USA
News and Commentary

Health Expenditures Ease a Bit; Drugs Lead Cost-of-Care Increase

MANAGED CARE August 1999. ©1999 MediMedia USA

Thanks to lower-than-anticipated spending for Medicare, national health expenses will grow more slowly in the coming decade than previously thought. Still, the nation's health care bill is expected to double to nearly $2.2 trillion by 2008.$2.2 trillion by 2008.

The Health Care Financing Administration predicts that Medicare spending will rise only 4.5 percent from 1997 to 2000, in comparison to its previous 5.1-percent forecast. The feds credit the improvement to their antifraud campaign and to the Balanced Budget Act.

Private-sector spending is expected to grow more quickly — 7.3 percent, up from last year's prediction of 6.7 percent. Insurance premiums and prescription-drug costs were cited.

See chart: Health expenses rise, but more gently

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2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014
6th Semi-Annual Diagnostic Coverage and Reimbursement Conference Boston December 4–5, 2014
Customer Analytics & Engagement in Health Insurance Chicago December 4–5, 2014
Pharmaceutical and Biotech Clinical Quality Assurance Conference Alexandria, VA December 4–5, 2014
9th Semi-Annual Medical Device Coverage and Reimbursement Conference San Diego December 5, 2014
8th Annual Medical Device Clinical Trials Conference Chicago December 8–9, 2014
HealthIMPACT Southeast Tampa, FL January 23, 2015