California Healthline: Health Care Spending Up by 9.9%, Reaches $43B in Q1 2014

Total health care spending during the first quarter of 2014 increased by 9.9% to $43.3 billion and contributed 1.1 percentage points to growth in the total gross domestic product, according to preliminary data released Wednesday by the Bureau of Economic Analysis, Modern Healthcarereports (Evans, Modern Healthcare, 4/30). Analysts attributed the increase in health spending — which was the highest … Continue reading

NY Times: In Defeat for Tea Party, House Passes $1.1 Trillion Spending Bill

Speaker John A. Boehner on Wednesday after the vote on a spending bill that left some conservative groups fuming. J. Scott Applewhite/Associated Press

By JONATHAN WEISMAN WASHINGTON — The House voted overwhelmingly on Wednesday, 359 to 67, to approve a $1.1 trillion spending bill for the current fiscal year, shrugging off the angry threats of Tea Party activists and conservative groups whose power has ebbed as Congress has moved toward fiscal cooperation. The legislation, 1,582 pages in length and unveiled only two … Continue reading

NY Times: House and Senate Negotiators Agree on Spending Bill

By JONATHAN WEISMAN WASHINGTON — House and Senate negotiators reached accord on a trillion-dollar spending plan that will finance the government through September, reversing some cuts to military veterans’ pensions that were included in a broader budget agreement last month and defeating efforts to rein in President Obama’shealth care law. The hefty bill, filed in the House on … Continue reading

Reuters: U.S. health spending rose 3.7 percent in 2012 as economy dragged

A man looks over the Affordable Care Act (commonly known as Obamacare) signup page on the website in New York in this October 2, 2013 photo illustration. CREDIT: REUTERS/MIKE SEGAR  (Reuters) – U.S. healthcare spending rose 3.7 percent in 2012 to $2.8 trillion, the fourth year in a row in this range as the … Continue reading

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 … Continue reading

ModernHealthCare: PwC predicts rise in healthcare spending will be lower than usual next year

By Beth Kutscher    Spending on healthcare is expected to rise just 4.5% next year as employers and providers make a number of moves to bring down costs. In its annual Behind the Numbers report, PricewaterhouseCoopers’ Health Research Institute is forecasting a medical cost trend of 6.5% for 2014—offset by health insurance changes that will effectively lower … Continue reading

NY Times: Don’t Shift Payments by Medicare, Panel Says

By ROBERT PEAR Published: July 24, 2013 WASHINGTON — Adjusting Medicare payments to reward doctors and hospitals in regions that provide high-quality care at low cost would be a bad idea, the National Academy of Sciences said Wednesday. After a three-year study, the academy’s Institute of Medicine rebuffed arguments by members of Congress from states like Minnesota and Iowa who say Medicare has … Continue reading

Sacramento Business Journal: Report says California governments don’t reveal full spending

  Christopher Arns Staff Writer-Sacramento Business Journal California’s governments spend more money than we think, according to a new report released this week. The California Public Policy Center, a right-leaning nonprofit think tank, found that state and local governments spend a combined $365 billion in the fiscal year ending in 2011 — about 19 percent of the … Continue reading

California Healthline: Slowdown in Health Care Spending Might Be Short-Lived, Analysts Say

lthough health care spending in the U.S. increased by 3.9% in 2011 — the lowest rate since the 1960s — it still makes up almost 18% of the country’s gross domestic product and there are a number of powerful pressures that could resume the upward trend in spending, the Wall Street Journal reports. Reports released in recent … Continue reading

SacBee: California’s per capita spending on health care relatively low

California may have high housing, fuel and electric power prices, but Californians’ spending on health care is below the national average, according to a new data compilation by the Wall Street Journal. California was spending $6,258 per resident on health care – doctors, hospitals, prescription drugs – in 2009, the latest year for which complete data were available, the Wall Street … Continue reading

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