Obamacare is Working

Projections for Medicare spending between 2011 and 2020 have fallen by $500 billion.

CBPP Medicare Projection

From the Center on Budget and Policy Priorities:

CBO has reduced its projections of Medicare spending in response to a pattern of very low spending growth in the past three years. Medicare spending per beneficiary in fiscal year 2012 increased by only 0.4 percent — well below the 3.4-percent growth in gross domestic product (GDP) per capita. Over the 2010-2012 period, Medicare spending per beneficiary grew at an annual rate of 1.9 percent, while GDP per capita increased by 3.2 percent a year. CBO projects that Medicare cost growth will remain subdued for the rest of the decade.

Medicare spending growth has slowed even more than costs in private health insurance, according to Standard & Poor’s and Medicare’s actuary. Although some of the slowdown stems from the recession, CBO Director Douglas Elmendorf and other experts have concluded that a substantial part reflects structural changes in the health care system. Professional associations, hospitals, and doctors are taking steps to curb costly and ineffective procedures and treatment.

The Affordable Care Act is bringing down the cost of healthcare by challenging a culture of waste, not by throwing momma from the train.

(CBPP)

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  • Christopher Foxx

    But.. but… but… DEATH PANELS!!

  • http://drangedinaz.wordpress.com/ IrishGrrrl

    Every time I talk about the cost savings, the response from conservatives is that it isn’t affecting the rising cost of copays and that a lot of employers are dropping healthcare benefits. Never mind I can’t find any proof of either of these things.

  • Zen Diesel

    All lies I tell ya, Obama is benefitting from the health care legislation George Bush implemented,…….oh wait, Dubya never implemented a healthcare plan…….herp derp, Hooray for Obamacare, because Obama actually Cares!!!!

  • alwaysthink

    Many Seniors have had their incomes slashed by the drop in interest rates which pay next to nothing on their life times savings. So maybe with less income Seniors are waiting until they are really sick before the seek medical services. When your planned income is slashed even a modest co-pay can keep you away from a routine check up.