Chartbook: Connecticut health care spending

Size: px
Start display at page:

Download "Chartbook: Connecticut health care spending"

Transcription

1 Chartbook: health care spending November 2017 CT Health Policy Project November

2 Earlier this year, the US Centers for Medicare and Medicaid Services released updated State Health Expenditures through the National Health Expenditure Accounts. The data includes aggregate and per capita personal health care spending by state by the type of good or service (hospital care, physician and clinical services, retail prescription drugs, etc.) and by source of funding (Medicare and Medicaid). The new data release covers spending from 1991 to Analysis of the data was also published in July D Lassman, et. al., Health Spending by State : Measuring Per Capita Spending by Payers and Programs, Health Affairs. The CT Health Policy Project s analysis of the data focuses on health spending in to provide insight into how resources are used and to support informed policymaking. CT Health Policy Project November

3 residents spend more per person on health care across payers than most Americans. However, per person health costs are rising more slowly in than in most states, particularly for Medicaid members. In 2014 devoted 14.4% of the state s economy to personal health care services, very close to the national average of 14.8% Over half of health spending in is consumed by hospitals, physicians and clinics. Drug costs are the main driver of rising health costs in, growing faster than any other sector. Since 2003, drug costs have grown faster in than the rest of the nation Beginning in 2009, Medicare and Medicaid s combined share of s health spending outpaced private health insurance. And the gap is growing. Medicare and Medicaid pay for the majority of home health and nursing home care in, as well as almost half of hospital bills. CT Health Policy Project November

4 Per capita health spending $12,000 $10,000 Health spending is rising for both residents and all Americans $8,000 $6,000 $4,000 $2,000 $ United States CT Health Policy Project November

5 Health care share of GDP 16% 14% 12% 10% 8% In 2014 devoted 14.4% of its economy to health care, slightly below the US rate of 14.8% 6% 4% 2% 0% United States CT Health Policy Project November

6 Per capita health spending, 2014 $14,000 $12,000 residents spend more on health care across payers than most Americans $10,000 $8,000 $6,000 $4,000 $2,000 $0 All payers Medicaid Medicare private insurance United States CT Health Policy Project November

7 Per capita spending, average annual growth 2001 to Medicaid per person spending from 2001 through 2014 decreased while nationally costs have risen percent growth Total Medicaid Medicare Private health insurance -1 United States CT Health Policy Project November

8 40% 35% Share of total health spending, 2014 Private insurance is the main payer of health care in 30% 25% 20% 15% 10% 5% 0% Medicaid Medicare Private insurance CT Health Policy Project November

9 Medicare per capita spending $14,000 $12,000 $10,000 Medicare per person health costs for residents are similar to the national average $8,000 $6,000 $4,000 $2,000 $ United States CT Health Policy Project November

10 Medicaid per capita health spending $12,000 $10,000 $8,000 $6,000 Until 2009 Medicaid costs were much higher than the US average Since then the gap has narrowed $4,000 $2,000 $ United States CT Health Policy Project November

11 Private health insurance spending per capita $6,000 $5,000 $4,000 Costs of care for privately insured residents are higher than for most Americans and are rising slightly faster $3,000 $2,000 $1,000 $ United States CT Health Policy Project November

12 40% 35% 30% 25% 20% 15% 10% Share of total health spending by payer In 2014, private health insurance s share of total health spending was 34% Medicaid s share was 20% Medicare s share was 21% 5% 0% Y1991 Y1992 Y1993 Y1994 Y1995 Y1996 Y1997 Y1998 Y1999 Y2000 Y2001 Y2002 Y2003 Y2004 Y2005 Y2006 Y2007 Y2008 Y2009 Y2010 Y2011 Y2012 Y2013 Y2014 Medicare Medicaid Private health insurance CT Health Policy Project November

13 45% 40% 35% 30% 25% 20% Share of total health spending Medicare + Medicaid, Private health insurance In 2009, public coverage programs share of total CT health spending began to outpace private insurance And that gap is growing 15% 10% 5% 0% Y1991 Y1992 Y1993 Y1994 Y1995 Y1996 Y1997 Y1998 Y1999 Y2000 Y2001 Y2002 Y2003 Y2004 Y2005 Y2006 Y2007 Y2008 Y2009 Y2010 Y2011 Y2012 Y2013 Y2014 Private health insurance Medicare + Medicaid CT Health Policy Project November

14 State rank While s relative per capita health care costs are high among states, the rate of growth is much lower, particularly for Medicaid Per capita 2014 Average annual growth 1991 to 2014 CT Health Policy Project November

15 Per capita spending by service, 2014 drugs, nondurable products 14.97% DME 1.43% Other 8.01% hospital 33.74% Over half of health spending goes to hospitals and physicians, clinics nursing homes 8.66% home health care 3.00% dental 4.76% Other professionals 3.27% physicians, clinics 22.17% CT Health Policy Project November

16 40% 35% 30% 25% Share of per capita spending by service Drugs consume a growing share of s health care spending, surpassing nursing home care in % 15% 10% 5% 0% hospital physicians, clinics dental home health care nursing homes drugs, nondurable products CT Health Policy Project November

17 8% 7% 6% 5% Per capita average annual growth by service, 1991 to 2014 Drugs and other nondurable products are the main driver of growing health costs in 4% 3% 2% 1% 0% total hospital physicians, clinics dental home health care nursing home drugs, nondurable products CT Health Policy Project November

18 80% 70% 60% 50% 40% 30% Share of total spending by service, 2014 Medicare and Medicaid pay for the majority of home health and nursing home care in and almost half of hospital bills in our state 20% 10% 0% hospital physician, clinic other professionals dental home health drugs, nondurable products DME nursing homes other Medicaid Medicare CT Health Policy Project November

19 Drug, nondurable product spending per capita $1,600 $1,400 $1,200 $1,000 $800 Drug and other nondurable product spending is higher for residents than most Americans And the gap is growing $600 $400 $200 $ United States CT Health Policy Project November

20 Drugs, nondurable products share of total per capita spending 20.00% 18.00% 16.00% 14.00% Since 2003 spending on drugs and other nondurable products have grown faster in than nationally 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% United States CT Health Policy Project November

21 November 2017 Source: National Health Expenditure Data, cms.gov, Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/index.html Health Policy Project Phone CT Health Policy Project November

Health care economics. Ellen Andrews, PhD SCSU Spring 2018

Health care economics. Ellen Andrews, PhD SCSU Spring 2018 Health care economics Ellen Andrews, PhD andrewse3@southernct.edu SCSU Spring 2018 health care not like other sectors Consumers don t see the full bill no skin in the game Moral hazard Adverse selection

More information

National Health Expenditure Accounts

National Health Expenditure Accounts National Health Expenditure Accounts Joe Benson, Devin Stone and The NHEA Team American Academy of Actuaries Webinar February 4, 2016 Overview National health spending reached $3.0 trillion, or $9,523

More information

SECTION 6. Health Care Spending

SECTION 6. Health Care Spending SECTION 6 Health Care Spending This section provides an overview of health care spending in and the. Specifically, the section includes trend data on total expenditures per capita for health care services

More information

Health Care Resources: Costs. Peterson-Kaiser Health System Tracker

Health Care Resources: Costs. Peterson-Kaiser Health System Tracker Health Care Resources: Costs Why is cost an ethical question? We live in a world of limited resources Stewardship: What I/we do reflects our moral commitments Living with Limits Social Justice: How we

More information

MEDICAL COST TRENDS THEN AND NOW

MEDICAL COST TRENDS THEN AND NOW MEDICAL COST TRENDS THEN AND NOW BARRY LIPTON, FCAS, MAAA PRACTICE LEADER AND SENIOR ACTUARY NCCI Copyright NCCI Holdings, Inc. All Rights Reserved. WC Average Medical Cost per Lost-Time Claim Private

More information

National Health Expenditure Projections

National Health Expenditure Projections National Health Expenditure Projections 2011-2021 Forecast Summary In 2011, national health spending is estimated to have reached $2.7 trillion, growing at the same rate of 3.9 percent observed in 2010,

More information

Issue Brief June, 2009

Issue Brief June, 2009 This document is made available electronically by the Minnesota Legislative Reference Library as part of an ongoing digital archiving project. http://www.leg.state.mn.us/lrl/lrl.asp Health Economics Program

More information

The Latest Findings on National Health Spending From CMS

The Latest Findings on National Health Spending From CMS The Latest Findings on National Health Spending From CMS Lekha S. Whittle, Economist Office of the Actuary, Centers for Medicare & Medicaid Services Moderator: Cori Uccello, MAAA, FSA, FCA, MPP Senior

More information

Chartbook Section 1. Minnesota Health Care Spending and Cost Drivers

Chartbook Section 1. Minnesota Health Care Spending and Cost Drivers Chartbook Section 1 Minnesota Health Care Spending and Cost Drivers Section 1: Minnesota Health Care Spending and Cost Drivers Minnesota health care spending by source of funds Minnesota health care spending

More information

Total health care expenditures in the. National Health Care Spending In 2016: Spending And Enrollment Growth Slow After Initial Coverage Expansions

Total health care expenditures in the. National Health Care Spending In 2016: Spending And Enrollment Growth Slow After Initial Coverage Expansions doi: 10.1377/hlthaff.2017.1299 HEALTH AFFAIRS 37, NO. 1 (2018): 150 160 2018 Project HOPE The People-to-People Health Foundation, Inc. By Micah Hartman, Anne B. Martin, Nathan Espinosa, Aaron Catlin, and

More information

FLORIDA HEALTH CARE EXPENDITURES REPORT

FLORIDA HEALTH CARE EXPENDITURES REPORT FLORIDA HEALTH CARE EXPENDITURES REPORT 2013 5.5% 3.8% 6.2% 31.6% 14.5% HOUSEHOLDS 3.8% 5.4% 24.4% 4.8% 3.8% 5.5% 31.6% 6.2% 14.5% 24.4% Table of Contents Table of Contents... i Florida Health Care Expenditures

More information

Policy Research Perspectives

Policy Research Perspectives Policy Research Perspectives National Health Expenditures: What Do They Measure? What s New About Them? What Are The Trends? By Carol K. Kane, PhD Introduction The term National Health Expenditures (NHE)

More information

Minnesota Health Care Spending Trends,

Minnesota Health Care Spending Trends, Minnesota Health Care Spending Trends, 1993-2000 April 2003 h ealth e conomics p rogram Health Policy and Systems Compliance Division Minnesota Department of Health Minnesota Health Care Spending Trends,

More information

National Health Expenditure Projections, : Faster Growth Expected With Expanded Coverage And Improving Economy

National Health Expenditure Projections, : Faster Growth Expected With Expanded Coverage And Improving Economy By Andrea M. Sisko, Sean P. Keehan, Gigi A. Cuckler, Andrew J. Madison, Sheila D. Smith, Christian J. Wolfe, Devin A. Stone, Joseph M. Lizonitz, and John A. Poisal National Health Expenditure Projections,

More information

Frequently Asked & Answered Questions NY Health and Medicare

Frequently Asked & Answered Questions NY Health and Medicare Frequently Asked & Answered Questions NY Health and Medicare Pending state legislation known as NY Health would ensure that ALL New Yorkers have comprehensive insurance coverage through a single payer

More information

UNDERSTANDING THE HEALTHCARE COST CONUNDRUM

UNDERSTANDING THE HEALTHCARE COST CONUNDRUM UNDERSTANDING THE HEALTHCARE COST CONUNDRUM The Facts Healthcare in the US 18% GDP One of every three new jobs, 2007-2017 US spends two times what other wealthy countries spend What s Driving Spending?

More information

Exhibit ES-1. Synergistic Strategy: Potential Cumulative Savings Compared with Current Baseline Projection,

Exhibit ES-1. Synergistic Strategy: Potential Cumulative Savings Compared with Current Baseline Projection, Exhibit ES-1. Synergistic Strategy: Potential Cumulative Savings Compared with Current Baseline Projection, 2013 2023 Net impact in $ billions* Total NHE Federal government State and local government Private

More information

Prescription Drugs Spending Distribution and Cost Drivers. Steve Kappel January 25, 2007

Prescription Drugs Spending Distribution and Cost Drivers. Steve Kappel January 25, 2007 Prescription Drugs Spending Distribution and Cost Drivers Steve Kappel January 25, 2007 Introduction Why Focus on Drugs? Compared to other health care spending: Even faster annual growth Higher reliance

More information

Estimating cost and revenues for Sanders single-payer

Estimating cost and revenues for Sanders single-payer Estimating cost and revenues for Sanders single-payer Costs under existing system I base estimates of future health care spending on the projections of National Health Expenditures from the CMS going through

More information

Policy Research Perspectives

Policy Research Perspectives Policy Research Perspectives National Health Expenditures, 2016: Annual Spending Growth on the Downswing By Apoorva Rama Introduction This Policy Research Perspective (PRP) provides a detailed examination

More information

Health Care Spending and the Aging of the Population

Health Care Spending and the Aging of the Population Order Code RS22619 March 13, 2007 Health Care Spending and the Aging of the Population Jennifer Jenson Specialist in Health Economics Domestic Social Policy Division Summary Health care spending has been

More information

National health spending is estimated

National health spending is estimated By Christopher J. Truffer, Sean Keehan, Sheila Smith, Jonathan Cylus, Andrea Sisko, John A. Poisal, Joseph Lizonitz, and M. Kent Clemens Health Spending Projections Through 2019: The Recession s Impact

More information

2019 Medicare Outlook (an introduction from Lauren Guinta)

2019 Medicare Outlook (an introduction from Lauren Guinta) 2019 Medicare Outlook (an introduction from Lauren Guinta) In America, roughly 10,000 baby boomers turn 65 each day. It s at this age that we see a generational shift in healthcare needs. Many seniors

More information

National Health Expenditure Accounts (NHEA) in the US

National Health Expenditure Accounts (NHEA) in the US National Health Expenditure Accounts (NHEA) in the US Stephen Heffler Director, National Health Statistics Group Office of the Actuary, CMS PAHO/WHO Technical Consultation on Health Accounts/Health Satellite

More information

Florida Health Care Expenditures Report

Florida Health Care Expenditures Report Florida Health Care Expenditures Report 2015 Table of Contents Table of Contents... i Florida Health Care Expenditures in 2015... 1 Introduction... 1 Data and Methodology... 1 Findings... 2 Overall Trend...

More information

CHAPTER 1. Trends in the Overall Health Care Market

CHAPTER 1. Trends in the Overall Health Care Market CHAPTER 1 Trends in the Overall Health Care Market Billions Chart 1.1: Total National Health Expenditures, 1980 2016 $4,000 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 Inflation Adjusted (2) 80 81

More information

Report on JMOC Limit for the Medicaid Program for the FY Budget. December 2018

Report on JMOC Limit for the Medicaid Program for the FY Budget. December 2018 Report on JMOC Limit for the Medicaid Program for the FY 2020-2021 Budget December 2018 The Joint Medicaid Oversight Committee (JMOC) is charged with working with an outside actuarial firm to calculate

More information

EQUIPMENT LEASING ASSOCIATION

EQUIPMENT LEASING ASSOCIATION EQUIPMENT LEASING ASSOCIATION Healthcare Equipment Leasing U.S. Market Dynamics and Outlook, 2005-2007 October 25, 2005 Healthcare Equipment Leasing Market Size and Growth Leasing Market Drivers Leasing

More information

Vermont Health Care Cost and Utilization Report

Vermont Health Care Cost and Utilization Report 2007 2011 Vermont Health Care Cost and Utilization Report Revised December 2014 Copyright 2014 Health Care Cost Institute Inc. Unless explicitly noted, the content of this report is licensed under a Creative

More information

Medicare: Insolvency Projections

Medicare: Insolvency Projections Patricia A. Davis Specialist in Health Care Financing October 5, 2016 Congressional Research Service 7-5700 www.crs.gov RS20946 Summary Medicare is the nation s health insurance program for persons aged

More information

S E C T I O N. National health care and Medicare spending

S E C T I O N. National health care and Medicare spending S E C T I O N National health care and Medicare spending Chart 6-1. Medicare made up about one-fifth of spending on personal health care in 2002 Total = $1.34 trillion Other private 4% a Medicare 19%

More information

The State of Health Care in the United States. CRFB.org

The State of Health Care in the United States. CRFB.org The State of Health Care in the United States 1 Where Does Health Spending Go? Other Health Spending 19% Remaining Personal Health Care 13% Prescription Drugs 10% Hospital Care 29% Nursing Care 5% Home

More information

Developing Your Value Proposition. Timothy P. McNeill, RN, MPH

Developing Your Value Proposition. Timothy P. McNeill, RN, MPH Developing Your Value Proposition Timothy P. McNeill, RN, MPH What is a Value Proposition A value proposition is the service or feature that makes an organization attractive to potential customers The

More information

Medicare: Insolvency Projections

Medicare: Insolvency Projections Patricia A. Davis Specialist in Health Care Financing July 3, 2013 CRS Report for Congress Prepared for Members and Committees of Congress Congressional Research Service 7-5700 www.crs.gov RS20946 Summary

More information

FUTURE MEDICAID GROWTH IS NOT DUE TO FLAWS IN THE PROGRAM S DESIGN, BUT TO DEMOGRAPHIC TRENDS AND GENERAL INCREASES IN HEALTH CARE COSTS

FUTURE MEDICAID GROWTH IS NOT DUE TO FLAWS IN THE PROGRAM S DESIGN, BUT TO DEMOGRAPHIC TRENDS AND GENERAL INCREASES IN HEALTH CARE COSTS 820 First Street, NE, Suite 510, Washington, DC 20002 Tel: 202-408-1080 Fax: 202-408-1056 center@cbpp.org www.cbpp.org February 4, 2005 FUTURE MEDICAID GROWTH IS NOT DUE TO FLAWS IN THE PROGRAM S DESIGN,

More information

Dual-eligible beneficiaries S E C T I O N

Dual-eligible beneficiaries S E C T I O N Dual-eligible beneficiaries S E C T I O N Chart 4-1. Dual-eligible beneficiaries account for a disproportionate share of Medicare spending, 2010 Percent of FFS beneficiaries Dual eligible 19% Percent

More information

Proposed Changes to Medicare in the Path to Prosperity Overview and Key Questions

Proposed Changes to Medicare in the Path to Prosperity Overview and Key Questions Proposed Changes to Medicare in the Path to Prosperity Overview and Key Questions APRIL 2011 On April 5, 2011, Representative Paul Ryan (R-WI), chairman of the House Budget Committee, released a budget

More information

medicaid and the uninsured Covering the Uninsured in 2008: Key Facts about Current Costs, Sources of Payment, and Incremental Costs

medicaid and the uninsured Covering the Uninsured in 2008: Key Facts about Current Costs, Sources of Payment, and Incremental Costs kaiser commission on K E Y F A C T S medicaid and the uninsured August 2008 Covering the in 2008: Key Facts about Current Costs, Sources of Payment, and Incremental Costs Nearly 77 million people will

More information

National health spending is expected

National health spending is expected Trends Health Spending Projections Through 2017: The Baby-Boom Generation Is Coming To Medicare Accelerating growth in Medicare spending by the end of the projection period is the first sign of the coming

More information

Pharmaceuticals: Can or Should We Do Anything About Rising Drug Costs? Caroline F. Pearson

Pharmaceuticals: Can or Should We Do Anything About Rising Drug Costs? Caroline F. Pearson Pharmaceuticals: Can or Should We Do Anything About Rising Drug Costs? Caroline F. Pearson Avalere Health An Inovalon Company April 2015 Number of News Articles Public Focus on Drug Prices Increased Dramatically

More information

Medigap Policies. Prepared for: WI Benefit Planning Valued Client

Medigap Policies. Prepared for: WI Benefit Planning Valued Client Medigap Policies Prepared for: WI Benefit Planning Valued Client Prepared by: Charles Ouimette Wisconsin Benefit Planning, Inc. 315 E. Front St. PO Box 1089 Minocqua, WI. 54548 Phone: 715-356-2300 Mobile:

More information

Coming Changes in Spending Growth What Can Policy Contribute? Richard G. Frank Assistant Secretary for Planning and Evaluation, USDHHS

Coming Changes in Spending Growth What Can Policy Contribute? Richard G. Frank Assistant Secretary for Planning and Evaluation, USDHHS Coming Changes in Spending Growth What Can Policy Contribute? Richard G. Frank Assistant Secretary for Planning and Evaluation, USDHHS Overview What are the recent trends in spending growth? How should

More information

Minnesota Health Care Spending and Projections, 2009

Minnesota Health Care Spending and Projections, 2009 Minnesota Health Care Spending and Projections, 2009 Minnesota Department of Health June 2011 Health Economics Program Division of Health Policy PO Box 64882 St Paul, MN 55164-0882 (651) 201-3550 www.health.state.mn.us/healtheconomics

More information

Eighteen years ago, Henry Aaron, Barry Bosworth, and

Eighteen years ago, Henry Aaron, Barry Bosworth, and Abstract - Long term federal outlays for Medicare and Medicaid are projected to increase in the future because of the interaction between demographics and program eligibility. However, the magnitude of

More information

A Conversation About Medicare And Healthcare Reform

A Conversation About Medicare And Healthcare Reform Please take this moment to convert the display to Full Screen A Conversation About Medicare And Reform www..com A Conversation About Medicare And Reform www..com Will healthcare reform require persons

More information

Medicaid Spending Growth over the Last Decade and the Great Recession, by John Holahan, Lisa Clemans-Cope, Emily Lawton, and David Rousseau

Medicaid Spending Growth over the Last Decade and the Great Recession, by John Holahan, Lisa Clemans-Cope, Emily Lawton, and David Rousseau I S S U E kaiser commission on medicaid and the uninsured February 2011 P A P E R Medicaid Spending Growth over the Last Decade and the Great Recession, 2000-2009 by John Holahan, Lisa Clemans-Cope, Emily

More information

CHAPTER 2. THE UNINSURED ACCESS GAP AND THE COST OF UNIVERSAL COVERAGE

CHAPTER 2. THE UNINSURED ACCESS GAP AND THE COST OF UNIVERSAL COVERAGE CRS-4 CHAPTER 2. THE UNINSURED ACCESS GAP AND THE COST OF UNIVERSAL COVERAGE THE GAP IN USE BETWEEN THE UNINSURED AND INSURED Adults lacking health insurance coverage for a full year have about 60 percent

More information

Class 8 - Medicaid. Ellen Andrews, PhD PCH 358 SCSU Spring 2018

Class 8 - Medicaid. Ellen Andrews, PhD PCH 358 SCSU Spring 2018 Class 8 - Medicaid Ellen Andrews, PhD PCH 358 SCSU Spring 2018 If you only get one thing... Medicare Run by federal government Funded only by federal government Covers seniors, people with disabilities

More information

Medicare: The Basics

Medicare: The Basics Medicare: The Basics Presented by Tricia Neuman, Sc.D. Vice President, Kaiser Family Foundation Director, Medicare Policy Project for Alliance for Health Reform May 16, 2005 Exhibit 1 Medicare Overview

More information

September 2013

September 2013 September 2013 Copyright 2013 Health Care Cost Institute Inc. Unless explicitly noted, the content of this report is licensed under a Creative Commons Attribution Non-Commercial No Derivatives 3.0 License

More information

A Guide to Medicare s s Financial Challenges and Options for Improvement. May 22, 2012 *updated*

A Guide to Medicare s s Financial Challenges and Options for Improvement. May 22, 2012 *updated* A Guide to Medicare s s Financial Challenges and Options for Improvement May 22, 2012 *updated* May 2012 American Academy of Actuaries American Academy of Actuaries 17,000-member professional association

More information

Medicare payment policy and its impact on program spending

Medicare payment policy and its impact on program spending Medicare payment policy and its impact on program spending James E. Mathews, Ph.D. Deputy Director, Medicare Payment Advisory Commission February 8, 2013 Outline of today s presentation Brief background

More information

A 2008 Update of Cost Savings and a Marketplace Analysis of the Health Care Group Purchasing Industry

A 2008 Update of Cost Savings and a Marketplace Analysis of the Health Care Group Purchasing Industry A 2008 Update of Cost Savings and a Marketplace Analysis of the Health Care Group Purchasing Industry July 2009 David E. Goldenberg, Ph.D. Roland Guy King, F.S.A., M.A.A.A. 601 Seventh Street. Suite 304

More information

Health care spending in the united states grew 6.7 percent to

Health care spending in the united states grew 6.7 percent to Health Spending National Health Spending In 2006: A Year Of Change For Prescription Drugs The rate of prescription drug spending increased for the first time in several years, and Medicare Part D caused

More information

Exhibit 2. Medicare Enrollment,

Exhibit 2. Medicare Enrollment, Exhibit 2. Medicare Enrollment, 197 8 Enrollment in millions 1 11.9 1 96.5 8 81. 6 55.7 4 39.7.4 197 15 3 6 8 Source: Centers for Medicare and Medicaid Services, 13 Annual Report of the Boards of Trustees

More information

Medicare: Changes, Challenges, and Opportunities for Grantmakers

Medicare: Changes, Challenges, and Opportunities for Grantmakers Medicare: Changes, Challenges, and Opportunities for Grantmakers November 6, 2013 Grantmakers in Health Tricia Neuman, Sc.D. Director, Program on Medicare Policy Kaiser Family Foundation Wednesday, November

More information

Health spending in the United

Health spending in the United Trends Health Spending Projections Through 2013 Growth is projected to slow in 2003 after six consecutive years of acceleration. by Stephen Heffler, Sheila Smith, Sean Keehan, M. Kent Clemens, Mark Zezza,

More information

The rapid growth of medical expenditures since 1965 is as familiar as the

The rapid growth of medical expenditures since 1965 is as familiar as the CHAPTER THE RISE OF MEDICAL EXPENDITURES 1 The rapid growth of medical expenditures since 1965 is as familiar as the increasing percentage of US gross domestic product (GDP) devoted to medical care. Less

More information

Analysis of the 2018 Medicare Trustees Report June 7, 2018

Analysis of the 2018 Medicare Trustees Report June 7, 2018 CHAIRMEN MITCH DANIELS LEON PANETTA TIM PENNY PRESIDENT MAYA MACGUINEAS DIRECTORS Analysis of the 2018 Medicare Trustees Report June 7, 2018 The Medicare Trustees have released their 2018 report on the

More information

National Health Expenditures, 1998

National Health Expenditures, 1998 DataView National Health Expenditures, 1998 Cathy A. Cowan, Helen C. Lazenby, Anne B. Martin, Patricia A. McDonnell, Arthur L. Sensenig, Jean M. Stiller, Lekha S. Whittle, Kimberly A. Kotova, Mark A. Zezza,

More information

Universal Healthcare. Universal Healthcare. Universal Healthcare. Universal Healthcare

Universal Healthcare. Universal Healthcare. Universal Healthcare. Universal Healthcare Universal Healthcare Universal Healthcare In 2004, health care spending in the United States reached $1.9 trillion, and is projected to reach $2.9 trillion in 2009 The annual premium that a health insurer

More information

USC Senior Care. A Supplemental Plan to Medicare

USC Senior Care. A Supplemental Plan to Medicare USC Senior Care A Supplemental Plan to Medicare Overview What is Senior Care? How much does it cost? How do I enroll? How does Senior Care Interact with Medicare? Frequently Asked Questions USC Senior

More information

Medical Cost Reference Guide

Medical Cost Reference Guide 2008 Medical Cost Reference Guide Facts and Trends Driving Costs, Quality and Access Click here to begin Welcome to the interactive PDF version of the 2008 Medical Cost Reference Guide. Click on the title

More information

By David Lassman, Micah Hartman, Benjamin Washington, Kimberly Andrews, and Aaron Catlin

By David Lassman, Micah Hartman, Benjamin Washington, Kimberly Andrews, and Aaron Catlin By David Lassman, Micah Hartman, Benjamin Washington, Kimberly Andrews, and Aaron Catlin US Health Spending Trends By Age And Gender: Selected Years 2002 10 doi: 10.1377/hlthaff.2013.1224 HEALTH AFFAIRS

More information

Medicaid and Entitlement Reform By John Holahan

Medicaid and Entitlement Reform By John Holahan Medicaid and Entitlement Reform By John Holahan On October 17, 2008, the Center for Medicare and Medicaid Studies (CMS) released a report that projected that Medicaid spending would increase by 7.9% per

More information

This year s national health spending

This year s national health spending Health Tracking Trends Health Spending Projections Through 2016: Modest Changes Obscure Part D s Impact As health care spending trends remain stable, the Medicare drug benefit changes who pays the bill.

More information

Hospital Prices in Indiana: Findings from an Employer-Led Transparency Initiative

Hospital Prices in Indiana: Findings from an Employer-Led Transparency Initiative Hospital Prices in Indiana: Findings from an Employer-Led Transparency Initiative C H A P I N W H I T E S E P T E M B E R 2 0, 2 0 1 7 This briefing represents the views of the author, and not RAND or

More information

DR. FRIEDMAN FINANCIAL STUDY EXECUTIVE SUMMARY DECEMBER 2017

DR. FRIEDMAN FINANCIAL STUDY EXECUTIVE SUMMARY DECEMBER 2017 DR. FRIEDMAN FINANCIAL STUDY EXECUTIVE SUMMARY DECEMBER 2017 Economic Analysis of Single Payer in Washington State: Context, Savings, Costs, Financing Gerald Friedman Professor of Economics University

More information

2018 Medicare Fact Sheet

2018 Medicare Fact Sheet 2018 Medicare Fact Sheet L O C K T O N C O M P A N I E S MEDICARE COVERAGES Part A Part B Part C Part D Coverage for hospital Coverage for other Part C is called the Part D is an stays, skilled nursing

More information

The Declining Value of Payer Access: Defining and improving Rebate Efficiency in the current healthcare landscape

The Declining Value of Payer Access: Defining and improving Rebate Efficiency in the current healthcare landscape The Declining Value of Payer Access: Defining and improving Rebate Efficiency in the current healthcare landscape Lucas Greenwalt, Senior Principal Amundsen Consulting Prepared for: CBI Gross to Net Boot

More information

Tracking Health Care Costs: Spending Growth Slowdown Stalls in First Half of 2004, p. 2

Tracking Health Care Costs: Spending Growth Slowdown Stalls in First Half of 2004, p. 2 E B R I Notes E M P L O Y E E B E N E F I T R E S E A R C H I N S T I T U T E December 2004, Vol. 25, No. 12 Tracking Health Care Costs: Spending Growth Slowdown Stalls in First Half of 2004, p. 2 Executive

More information

AT&T and Health Care: A Presentation for 2009 Core Bargaining

AT&T and Health Care: A Presentation for 2009 Core Bargaining AT&T and Health Care: A Presentation for 2009 Core Bargaining Agenda 1. Health Care in the United States 2. Health Care at AT&T 3. What AT&T Is Doing to Address the Health Care Issue 4. Summary Page 2

More information

Is Office Ally s EHR Certified for Meaningful Use?

Is Office Ally s EHR Certified for Meaningful Use? Is Office Ally s EHR Certified for Meaningful Use? No Electronic Health Record system in the country is certified. EHR companies cannot apply for certification until September 20 th. On August 30 th, the

More information

UNDERSTANDING U.S. HEALTH CARE SPENDING

UNDERSTANDING U.S. HEALTH CARE SPENDING UNDERSTANDING U.S. HEALTH CARE SPENDING NIHCM FOUNDATION DATA BRIEF JULY 2011 Summary of Key Points U.S. spending for health care has been on a relentless upward path reaching $2.5 trillion in the aggregate,

More information

Affordability in Colorado

Affordability in Colorado Affordability in Colorado Answers About Health Care Costs Affordability and access to high quality health care are fixtures in Colorado s policy debates. The topic affects everyone: the rural rancher and

More information

Payer Channel Forecasting and Analysis. Patrick J. Park, PharmD, MBA Director, Business Decision Support Daiichi Sankyo, Inc.

Payer Channel Forecasting and Analysis. Patrick J. Park, PharmD, MBA Director, Business Decision Support Daiichi Sankyo, Inc. Payer Channel Forecasting and Analysis Patrick J. Park, PharmD, MBA Director, Business Decision Support Daiichi Sankyo, Inc. Disclaimer The views and opinions expressed in this presentation are those of

More information

Medicaid Spending Growth in the Great Recession and Its Aftermath, FY

Medicaid Spending Growth in the Great Recession and Its Aftermath, FY Medicaid Spending Growth in the Great Recession and Its Aftermath, FY 2007-2012 Katherine Young, Lisa Clemans-Cope, Emily Lawton, and John Holahan The 2007 to 2012 period encompasses one of the worst economic

More information

An Analysis of Rhode Island s Uninsured

An Analysis of Rhode Island s Uninsured An Analysis of Rhode Island s Uninsured Trends, Demographics, and Regional and National Comparisons OHIC 233 Richmond Street, Providence, RI 02903 HealthInsuranceInquiry@ohic.ri.gov 401.222.5424 Executive

More information

H 7829 S T A T E O F R H O D E I S L A N D

H 7829 S T A T E O F R H O D E I S L A N D LC00 0 -- H S T A T E O F R H O D E I S L A N D IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 0 A N A C T RELATING TO INSURANCE - PRIMARY CARE TRUST ACT Introduced By: Representatives Ranglin-Vassell, and

More information

Healthcare is good, right?

Healthcare is good, right? Healthcare is good, right? Associate Professor of Economics University of Alaska Anchorage Presentation for 2018 Alaska State of Reform Health Policy Conference 10/10/2018 Outline Overview 1 Overview 2

More information

Estimated Federal Impact of a Proposal to Shift Hospice Spending to Medicare Advantage

Estimated Federal Impact of a Proposal to Shift Hospice Spending to Medicare Advantage To: National Hospice and Palliative Care Organization From: Avalere Health Date: Re: Estimated Federal Impact of a Proposal to Shift Hospice Spending to Medicare Advantage Summary The National Hospice

More information

FINANCIAL REPORT For the Five Months Ended November 30, 2007 Submitted to the CEO & Board January 10, 2008

FINANCIAL REPORT For the Five Months Ended November 30, 2007 Submitted to the CEO & Board January 10, 2008 FINANCIAL REPORT For the Five Months Ended November 30, 2007 Submitted to the CEO & Board January 10, 2008 Revenues for OHCA through November, accounting for receivables, were $1,269,425,174 or.4 % under

More information

Health Care Spending and Spending Growth. Gail R. Wilensky Project HOPE February 18, 2011

Health Care Spending and Spending Growth. Gail R. Wilensky Project HOPE February 18, 2011 Health Care Spending and Spending Growth Gail R. Wilensky Project HOPE February 18, 2011 1 U.S. Health Care Spending in 2009 U.S. spends a lot on health care -- Almost $2.5 trillion -- $8,086 per person

More information

Medicare 101. Decluttering the Medicare Confusion. Richard W. Feder

Medicare 101. Decluttering the Medicare Confusion. Richard W. Feder Medicare 101 Decluttering the Medicare Confusion Richard W. Feder May 3, 2018 Today s Presentation What is Medicare Enrollment timing Medicare Insurance Medicare vs. Group/Employer Healthcare Coverage

More information

What Every Actuary Should Know About Medicare From Structure to Reform

What Every Actuary Should Know About Medicare From Structure to Reform What Every Actuary Should Know About Medicare From Structure to Reform Cori E. Uccello, FSA, MAAA, MPP Senior Health Fellow, American Academy of Actuaries Thomas F. Wildsmith, FSA, MAAA Vice President

More information

International Healthcare Systems: The US Versus the World Chris Slaybaugh, FSA, MAAA

International Healthcare Systems: The US Versus the World Chris Slaybaugh, FSA, MAAA International Healthcare Systems: The US Versus the World Chris Slaybaugh, FSA, MAAA The United States is the only industrialized country in the world that does not have Universal Health Coverage for all

More information

Recording the fastest growth since

Recording the fastest growth since Trends Trends In U.S. Health Care Spending, 2001 The rise in health care s share of GDP is more a result of a slowing economy than of rising health spending. by Katharine Levit, Cynthia Smith, Cathy Cowan,

More information

Federal Spending on Brand Pharmaceuticals. April 2011

Federal Spending on Brand Pharmaceuticals. April 2011 Federal Spending on Brand Pharmaceuticals April 2011 Summary Avalere Health estimates that manufacturers of brand-name prescription drugs will receive about $777 billion in revenues from the sales of outpatient

More information

THE LONG-TERM BUDGET OUTLOOK IN THE UNITED STATES AND THE ROLE OF HEALTH CARE ENTITLEMENTS

THE LONG-TERM BUDGET OUTLOOK IN THE UNITED STATES AND THE ROLE OF HEALTH CARE ENTITLEMENTS National Tax Journal, June 2010, 63 (2), 285 306 THE LONG-TERM BUDGET OUTLOOK IN THE UNITED STATES AND THE ROLE OF HEALTH CARE ENTITLEMENTS Joyce Manchester and Jonathan A. Schwabish In the absence of

More information

Medicare, VA Health Benefits and TRICARE: What You Need to Know

Medicare, VA Health Benefits and TRICARE: What You Need to Know Medicare, VA Health Benefits and TRICARE: What You Need to Know MMW Meeting June 30, 2015 AgeOptions 2015. All rights reserved. What are Veteran Affairs (VA) Health Benefits? Health care benefits for eligible

More information

Health Care Premium Expenditures in Massachusetts: Where Does Your Health Care Dollar Go?

Health Care Premium Expenditures in Massachusetts: Where Does Your Health Care Dollar Go? Health Care Premium Expenditures in Massachusetts: Where Does Your Health Care Dollar Go? Commissioned by: Massachusetts Medical Society Prepared by: Amy M. Lischko Assistant Clinical Professor Tufts University

More information

OBJECTIVES 6/30/2016 OVERVIEW SESSION 2: FINANCE BASICS. Financial Literacy for Board Membership

OBJECTIVES 6/30/2016 OVERVIEW SESSION 2: FINANCE BASICS. Financial Literacy for Board Membership SESSION 2: FINANCE BASICS Marian Jamison, PhD, RN, MBA OBJECTIVES By the end of this session, participants will be able to: 1. Distinguish three commonly used financial statements. 2. Explain how organizations

More information

Topic 15 Government Healthcare Spending Programs

Topic 15 Government Healthcare Spending Programs Topic 15 Government Healthcare Spending Programs US National Healthcare Expenditure (NHCE) in 2012 amounted to $2.8 trillion (17.2% of GDP or $8915 per person). By any measure, the US spends more (total

More information

HEALTH SPENDING AND REFORM IMPLEMENTATION OCTOBER 2011

HEALTH SPENDING AND REFORM IMPLEMENTATION OCTOBER 2011 The Commonwealth Fund/Modern care Opinion Leaders Survey HEALTH SPENDING AND REFORM IMPLEMENTATION OCTOBER 2011 Introduction The Commonwealth Fund Opinion Leaders (HCOL) Survey was conducted by Harris

More information

The Costs of Doing Nothing: What s at Stake Without Health Care Reform

The Costs of Doing Nothing: What s at Stake Without Health Care Reform AARP Public Policy Institute The Costs of Doing Nothing: What s at Stake Without Health Care Reform November 2008 The Costs of Doing Nothing: What s at Stake Without Health Care Reform Table of Contents

More information

Projected Health Care Spending in Minnesota. Final Report. July 26, David Jones Deborah Chollet

Projected Health Care Spending in Minnesota. Final Report. July 26, David Jones Deborah Chollet Projected Health Care Spending in Minnesota Final Report July 26, 2010 David Jones Deborah Chollet Contract Number: Mathematica Reference Number: 6572-100 Submitted to: Minnesota Department of Health Health

More information

OKLAHOMA HEALTH CARE AUTHORITY SUMMARY OF REVENUES & EXPENDITURES: Fund 255: OHCA Medicaid Program Fund For the Fiscal Year Ended June 30, 2009

OKLAHOMA HEALTH CARE AUTHORITY SUMMARY OF REVENUES & EXPENDITURES: Fund 255: OHCA Medicaid Program Fund For the Fiscal Year Ended June 30, 2009 Fund 255: OHCA Medicaid Program Fund FY 09 FY 09 Total State REVENUES Revenue Share Tobacco Tax Collections 54,001,198 54,001,198 TOTAL REVENUES $ 54,001,198 $ 54,001,198 EXPENDITURES FY 09 FY 09 Total

More information

Medicare in Maryland Navigating Medicare and Understanding Your Options

Medicare in Maryland Navigating Medicare and Understanding Your Options Medicare in Maryland Navigating Medicare and Understanding Your Options H8854_17_4041-07_003_OE CMS Accepted 6/13/2017 Table of Contents Introduction... 1 Medicare: A Brief History... 2 The Four Parts

More information

Click this button to place your order.

Click this button to place your order. 2018 Medicare 35th Edition What you need to know about Medicare in simple, practical terms. Click this button to place your order. 2018 MEDICARE CONTENTS 1 2 3 4 5 6 Published By PAGE INTRODUCTION Are

More information

MEDICARE SUPPLEMENT PLANS. Western Marketing Associates Corporation 318 W Huron St. Missouri Valley, IA 51555

MEDICARE SUPPLEMENT PLANS. Western Marketing Associates Corporation 318 W Huron St. Missouri Valley, IA 51555 MEDICARE SUPPLEMENT PLANS FROM WESTERN MARKETING Western Marketing Associates Corporation 318 W Huron St. Missouri Valley, IA 51555 MEDICARE BASICS WHAT IS MEDICARE? Social insurance program established

More information