California Healthline: CMS Predicts U.S. Health Care Spending Will Increase by 6.1% in 2014

U.S. health spending in 2014 is projected to increase by 6.1% — which is lower than previously projected — once key provisions in the Affordable Care Act take effect next year, according to a reportpublished Wednesday in Health Affairs by the CMS Office of the Actuary, the Wall Street Journal reports.

The projected growth is lower than an early-June 2012 estimate of 7.4%, because the Supreme Court later that month ruled that states could opt out of the ACA’s Medicaid expansion, the Journal reports (Radnofsky, Wall Street Journal, 9/18).

The 2012 report predicted that about 20 million people would enroll in Medicaid next year under the expansion, but the new report lowers that figure to about 8.7 million. Overall, the new report projects that only about 11 million people are expected to drop off the uninsured rolls next year once key provisions of the ACA are implemented, down from about 22 million that were projected in last year’s report (Morgan, Reuters, 9/18).

 

Continue reading here: http://www.californiahealthline.org/articles/2013/9/19/cms-predicts-us-health-care-spending-will-increase-by-6point1percent-in-2014

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