By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    benefits of using protein powder to build muscles
    Protein Powder for Muscle Mass: Everything You Need to Know
    December 12, 2021
    changes brought on by blockchain in healthcare
    Technology In The Healthcare Industry
    March 28, 2022
    What Does Core Body Temperature Say About Health?
    August 17, 2022
    Latest News
    Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
    May 16, 2025
    Learn how to Renew your Medical Card in West Virginia
    May 16, 2025
    Choosing the Right Supplement Manufacturer for Your Brand
    May 1, 2025
    Engineering Temporary Hospitals for Extreme Weather
    April 24, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    FDA Approves Diabetes Pill
    May 2, 2011
    Patient Gets Drunk on Hand Sanitizer
    June 20, 2011
    Cultivating Health Improvement
    July 20, 2011
    Latest News
    Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
    May 18, 2025
    The Critical Role of Healthcare in Personal Injury Recovery: A Comprehensive Guide for Victims
    May 14, 2025
    The Backbone of Successful Trials: Clinical Data Management
    April 28, 2025
    Advancing Your Healthcare Career through Education and Specialization
    April 16, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Putting the Brakes on Health Care Costs
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Health Reform > Putting the Brakes on Health Care Costs
Health Reform

Putting the Brakes on Health Care Costs

DavidEWilliams
Last updated: February 13, 2013 8:49 am
DavidEWilliams
Share
2 Min Read
SHARE

Spent so much time today dealing with Blue Cross’s ill-conceived mandatory drug mail order program that I ran out of time to blog. So I’ll just point to a New York Times piece (Slower growth of health costs eases budget deficit), which reports that Medicare and Medicaid spending are growing more slowly than projected.

Spent so much time today dealing with Blue Cross’s ill-conceived mandatory drug mail order program that I ran out of time to blog. So I’ll just point to a New York Times piece (Slower growth of health costs eases budget deficit), which reports that Medicare and Medicaid spending are growing more slowly than projected. Since the growth of those programs is the biggest contributor to the long-term budget deficit, that’s good news for the nation’s fiscal health.

Whether it’s the Affordable Care Act or broader changes in health care delivery and financing, the ship is finally starting to turn. Notably, though, even if the growth of health care costs just matches overall economic growth there will still be a budget pinch, albeit a less painful one.

Although it may seem farfetched, there’s actually no reason to believe that health care has to grow as fast as the economy over the long term. There is so much inefficiency and sheer waste in the system that health care spending could actually drop over time if the system transforms sufficiently. And that may be the big shocker of the 2020s –that health care costs start dropping and the US’s fiscal outlook improves dramatically.

More Read

Changing Behavior to Conquer Obesity
Is Medicaid Real Insurance?
Do Health Plans Have a Future?
Other Views on the Employer Mandate Delay
ObamaCare Opponents Are Trying to Scare Young Adults

Health care represents a much lower percentage of GDP in other advanced countries than the US. Although that situation can persist for a long time eventually I expect to see some convergence.

 

TAGGED:healthcare costs
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

Do You Grind Your Teeth at Night? Here’s How Night Guards and TMJ Treatments Can Help
Do You Grind Your Teeth at Night? Here’s How Night Guards and TMJ Treatments Can Help
Dental health
May 21, 2025
The Secret To A Confident Smile: Top Tips For Better Teeth
The Secret To A Confident Smile: Top Tips For Better Teeth
Dental health
May 21, 2025
Clinical Expertise
Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
Health care
May 18, 2025
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Health
May 15, 2025

You Might also Like

Is Kathleen Sebelius Listening to the NCPA?

August 29, 2011

Medicare Payments to Providers Are Carved, Sliced and Chopped by Sequestration

March 25, 2013
icd 10 delay
BusinessFinanceHealth ReformHospital AdministrationMedical RecordsNewsPolicy & Law

ICD-10 Delay: Does ICD-10 Lack Clinical Value?

April 13, 2014
Health ReformHospital AdministrationPolicy & Law

Are High-deductible Health Plans Working?

February 8, 2016
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?