By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health 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
    improving patient experience
    6 Ways to Improve Patient Satisfaction Within Hospitals
    December 1, 2021
    degree for healthcare job
    What Are The Health Benefits Of Having A Degree?
    March 9, 2022
    custom software development is changing healthcare
    Digital Customer Journey Mapping and its Importance for Healthcare
    July 21, 2022
    Latest News
    Clean Your Mattress Properly to Avoid Common Health Issues
    March 29, 2023
    5 Benefits Of HIPAA-Compliant Answering Services
    March 28, 2023
    3 Ways To Deal With Health Issues In Cities With High Pollution
    March 22, 2023
    What Tools Should Your Caregiver Have?
    March 22, 2023
  • 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
    Medicaid is Worse than Being Uninsured
    August 25, 2017
    Tools Help Foster Communication Between Patients and Clinicians
    March 6, 2012
    Congresswoman’s Staff Renews Call for Funding of Care for Complex Head Injuries
    April 22, 2011
    Latest News
    What Are Bioidentical Hormones Made With?
    March 23, 2023
    Cover Medical Costs of Child Dog Bites with Legal Specialists
    March 23, 2023
    3 Ways to Improve the U.S. Healthcare System By 2030
    March 14, 2023
    6 Steps To Ensure Speed And Efficiency Of Clinical Studies
    March 14, 2023
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Putting the Brakes on Health Care Costs
Share
Sign In
Notification Show More
Latest News
healthy travel tips when visiting Australia
7 Essential Tips to Stay Safe and Healthy Visiting Australia
News
health risks of dirty mattress
Clean Your Mattress Properly to Avoid Common Health Issues
Health
eligble for NDIS?
Are You Eligible For NDIS? How To Apply
News
upgrade to your nursing career
4 Pertinent Ways to Upgrade Your Nursing Career
Nursing
career in nursing
8 Keys to A Fulfilling & Successful Career in Nursing
Career
Aa
Health Works CollectiveHealth Works Collective
Aa
Search
Have an existing account? Sign In
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: 2013/02/13 at 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

Psychiatrists are now working online

Psychiatrists Now Working Online: How the Mental Healthcare Industry Is Evolving

Health Benefits of a Clean Office
What Is Medicare Supplement Insurance?
3 Ways To Save Money And Improve Efficiency For Your Hospital
Get Rewarding Results From Physical Therapy And Chiropractic Care

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

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
DavidEWilliams February 13, 2013
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article English: U.S. President delivers the while sta... Obama to Congress: Quality, not Quantity of Care
Next Article Vegetarina Dental Concerns Marielaina Perrone DDS Oral Health Concerns For Vegetarians

Stay Connected

1.5k Followers Like
4.5k Followers Follow
2.8k Followers Pin
136k Subscribers Subscribe

Latest News

healthy travel tips when visiting Australia
7 Essential Tips to Stay Safe and Healthy Visiting Australia
News March 29, 2023
health risks of dirty mattress
Clean Your Mattress Properly to Avoid Common Health Issues
Health March 29, 2023
eligble for NDIS?
Are You Eligible For NDIS? How To Apply
News March 29, 2023
upgrade to your nursing career
4 Pertinent Ways to Upgrade Your Nursing Career
Nursing March 29, 2023

You Might also Like

protect patient's information
Health ReformMedical EthicsPolicy & Law

7 Key Tips To Protecting Patient Health Information

September 8, 2022
doctors have to lower their medical school debts to reduce healthcare costs
News

Doctors Must Tackle Medical School Debt to Address Healthcare Costs

June 25, 2022
how to pay for medical bills after an accident
HealthMedicare

Tips to Pay for Your Medical Bills After a Painful Car Accident

May 19, 2022
health insurance plans
News

Useful Tips to Save Money on Your Health Insurance in the UAE

April 27, 2022
//

We influence million of users and is the most authentic source of information on healthcare business and technology news.

Quick Links

  • About
  • Contact
  • Privacy
Subscribe

Subscribe to our newsletter to get our newest articles instantly!

Follow US

© 2008-2023 HealthWorks Collective. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?