25
Aug
11

‘medicare spending has begun to slow dramatically’

Maggie Mahar (Taking Note): It is an article of faith, at least among conservatives, that as long as Medicare remains a government program, outlays will rise relentlessly, year after year. Only “the market” could possibly tame Medicare inflation, they say. The fear-mongers argue that unless we either shift costs to seniors; raise the age when they become eligible for Medicare; or turn the whole program over to private sector insurers, Medicare expenditures will bankrupt the country.

Here is the truth: Both Standard & Poor’s (S&P) and the Congressional Budget Office (CBO) now have 18 months of hard data showing that Medicare spending has begun to slow dramatically.

Health reform legislation has not yet begun to kick in to pare Medicare payments, but something is changing on the ground. Medicare spending began to plunge in January of 2010. After levitating by an average of 9.7 percent a year from 2000 to 2009, CBO’s monthly budget reports show that Medicare pay-outs are now rising by less than 4 percent a year…..

… This slow-down is not a result of Congress cutting Medicare spending. Instead, as former White House health care adviser Dr Zeke Emanuel pointed out, providers are “anticipating the Affordable Care Act kicking in 2014”. They can’t wait until the end of 2013, he explained: “They have to act today. Everywhere I go,” Emanuel, told me, “medical schools and hospitals are asking me, ‘How can we cut our costs by 10 to 15 percent?’ They know that they must trim their own costs if they are going to lower the bills that they send to Medicare.’”….

Full post here

Thanks BWD


11 Responses to “‘medicare spending has begun to slow dramatically’”


  1. 1 Obama Grandmama
    August 25, 2011 at 1:01 pm

    Just used my newly acquired Medicare card myself a couple of days ago. People also need a secondary insurance with it and may not have it so may not want to rack up additional expenses they cannot afford to pay themselves.

  2. 2 Valerie
    August 25, 2011 at 1:02 pm

    That sign is Hilarious :-)

  3. 3 mmarilyn
    August 25, 2011 at 1:24 pm

    That sign shows how stupid these people are and the good report shows how smart our President is.

    • 4 COS
      August 25, 2011 at 1:34 pm

      This is wonderful news. A little OT, but, before Ed and Trumpka advise voters to sit out this election, they need to investigate and read what the consequences will be under President Perry, Romney or Bachmann. Who will they blame then? PBO and is family i set for life. He will be fine if they sit it out. We are the ones who will suffer. I think it is very selfish of Ed and others who malign PBO without thinking about the far reaching consequences.

  4. 6 SUE DUVALL SMITH
    August 25, 2011 at 1:31 pm

    I FIRMLY BELIEVE THAT THE INTENSE INVESTIGATIONS INTO FRAUDULANT USAGE HAVE SOMETHING TO DO WITH THIS. ALSO..ONCE WE STOP DOCTORS FROM USING SENIORS FOR DUPLICATE TESTING..AND UNECESSARY TESTING…THIS TOO WILL CUT COSTS. DOCTORS WHO ARE NOT WORTH THEIR SALT CONTRIBUTE TO SURGERIES AND TESTING ON GULLIBLE SENIORS THAT IS NOT AT ALL NECESSARY! JUDGEMENT FOR THEIR ACTIONS WILL COME LATER WHEN THEY MEET THEIR MAKER. CONGRATS TO THE DOJ’S ‘HEAT’ TEAM FOR ALL THAT THEY ARE DOING TO CURB WHAT I BELIEVE TO BE FRAUD AGAINST HUMANITARIAN TREATMENT!

    • 7 tally
      August 25, 2011 at 3:39 pm

      THIS!!!!

    • August 25, 2011 at 4:48 pm

      Exactly! That and the funding to help providers go digital with their records and beef up their IT departments. Big cost cutter there. Having the big dog keeping watch is a deterrent, there’s no doubt about it. Plus the digital stuff is helping cut down on duplicate procedures and tests and paperwork and mistakes. Getting people with pre-existing conditions covered right away helps in the long run because these people can manage their conditions w/o using emergency rooms. Love it!

  5. 9 Ladyhawke
    August 25, 2011 at 1:46 pm

    OT: The media obsession with President Obama and his vacation is so annoying. They question the optics of when and where he goes on ad nauseum. Since going on vacation, President Obama has been getting his regular daily briefings. He has had to deal with Tripoli, the earthquake, and hurricane Irene. In addition, he has been working with members of his staff and the Jobs Council in preparation for a major speech on jobs after Labor Day.

    The Angry Black Lady has compiled many of the pictures of the “working vacation”. When you see all of the pictures together, it makes a powerful statement about the fact that President Obama is never really on vacation. How about those optics MSM??

    Obamaganda: Obama Working Vacation and Joe Biden in China

    http://www.angryblacklady.com/2011/08/25/obamaganda-obama-working-vacation-and-joe-biden-in-china/

  6. 10 57andFemale
    August 25, 2011 at 3:27 pm

    This ‘Taking Note’ site had not been on my radar but looks like it might reflect our kind of thinking. This was an excellent post.

  7. 11 utaustinliberal
    August 25, 2011 at 9:01 pm

    Truth at last. Truth at last. Great informative article.


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