In 2014 and 2015, spendingincreased 5.1 percent and 5.8 percent, respectively, as the ACA provided subsidies to help people get private coverage and most states expanded Medicaid. Another factor was a slowdown in the growth of spending on insulin, a lifesaving drug for people with diabetes, in Medicare. There was a historic slowdown in growth due to the Great Recession, and then the Affordable Care Act's expansion of health insurance coverage fueled spending. The rate of spending growth in 2016 was more in line with the average annual rate of 4.2 percent during the period 2008-15, according to the CMS actuaries' analysis.
But out-of-pocket spending, or spending directly by individuals instead of by their insurance plans or programs, grew at a faster rate than in recent years. Changes in the age and gender mix of the population accounted for 0.6 percentage point of the growth in per capita health spending. Hospital spendingHospital spending increased 4.7%, reaching $1.1 trillion, and represented 32% of overall healthcare spending. Despite the slower growth in 2016, healthcare spending still increased faster than the GDP growth rate. In 2015, spending for the sector accelerated 5.8%.
Together, Medicare and Medicaid made up 77% of home health spending in 2016.
The 8.2% spending growth for clinical services almost doubled the 4.6% growth in spending for physician services for the twelfth consecutive year. The growth in clinical services spending was driven primarily by continued strong growth in spending for freestanding ambulatory surgical and emergency centers. Following 5.1 percent growth in 2014 and 5.8 percent growth in 2015, health spending in 2016 slowed to 4.3 percent.
The report concludes that the 2016 expenditure slowdown was broadly based as growth for all major payers (private health insurance, Medicare, and Medicaid) and goods and service categories (hospitals, physician and clinical services, and retail prescription drugs) slowed in 2016, according to CMS actuaries.
Healthcare spending growth in 2016 actually fell below what CMS actuaries projected previous year. Medicaid spending also decelerated in growth compared to previous years, increasing 3.9% to $565.5 billion.
Every US resident spent, on average, $10,348 a year ago on health care. Slower growth was due to a leveling in the number of people gaining health coverage past year, according to the researchers. On a per enrollee basis, private health insurance spending increased 5.1% in 2016, about the same as 2015. Overall, Medicare expenditures hit $672.1 billion in 2016.
The fraction of uninsured Americans fell 2.8%, from 29.5 million in 2015 to 28.6 million in 2016, a stark slowdown from 2014 and 2015 where the number fell by more than 17% both years.
Experts disagree about the extent to which cost-containment elements of the Affordable Care Act also contributed to the less-rapid spending growth and about whether larger structural changes are occurring in the health care system that led to less growth. Last year, on a per enrollee basis, Medicaid spending increased 0.9%, down from 4.5% in 2015, which reflects increased efforts by states to control costs, a decline in supplemental payments to hospitals, and a decrease in per enrollee costs for newly eligible adults. Overall use and intensity of services was 2.3%, lower than the increase of 3.4% in 2015, due to the effects of the ACA.
Spending on retail prescription drugs grew by only 1.3 percent, to $328.6 billion, in 2016.
After $0.93 actual EPS reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 6.45% EPS growth. Argent has invested 0.33% in Amphenol Corporation (NYSE:APH). (NASDAQ:ADI). 481,025 are owned by Confluence Invest Management.
Because of doping, Russian Federation has lost first place in the medal standings of the Sochi Olympics. The games will not be broadcast in the country because of the absence of a Russian national team.
According to the lawsuit, Haskell was Moon's executive assistant and traveled with him on numerous business trips. Moon is an employee of the Seattle Seahawks , whose games are broadcast on 710 ESPN Seattle and KIRO Radio.
Currently, 142.46 million total shares are owned by the public and among those 141.25 million shares have been available to trade. Baldwin Investment Management Llc decreased Tractor Supply Company ( TSCO ) stake by 28.02% reported in 2017Q2 SEC filing.
Congress also promised to set up a network of Rajiv Gandhi Pharmacy - a chain of subsidised medicines network - across the state. Petrol and diesel prices in the state to be rolled back by Rs 10 per litre.
But under Taggart's guidance, the Hilltoppers went 2-10 in their new coach's first season, then 7-5 in both 2011 and 2012. Asked how hard it was to leave OR after such a brief time, Taggart said he apologized to athletic director Rob Mullens.
The Illinois-based Blair William & Commerce Il has invested 0.14% in International Business Machines Corporation (NYSE:IBM). The investor is now holding $23.62 million shares due in part to a decrease of 1.07 million new shares in their portfolio.
ASUS NovaGo will first be sold in the United States, United Kingdom, Italy, France, Germany, mainland China, and Taiwan. In terms of connectivity, the Envy x2 has a SIM slot for LTE and USB Type-C ports, making it future proof.
This week's game with the Baltimore Ravens is the ideal storm of everything that could go wrong for the Pittsburgh Steelers . The Pittsburgh Steelers look to build on their seven-game winning streak to keep chasing the top seed in the AFC .
CSKA Moscow and Qarabag out of UEFA Champions League
Just a reminder that you cannot play opponents from the same country in the last 16 or teams you have played in the group stages. Manchester United came from a goal behind to beat CSKA Moscow and secure top spot in Group A in the Champions League.
Turkey condemns USA move on Jerusalem as "irresponsible"
Consulate General in Jerusalem tweeted on Tuesday that U.S. citizens should avoid areas where crowds have gathered to demonstrate. The position of the majority of the worldwide community has been largely unchanged for decades.
Gay Man Denied Marriage License Seeks Clerk Seat
However, he told HuffPo that he believed Rowan County residents were "ready to move on from" Davis. Ermold, 43, is an English professor at the University of Pikeville and director of Morehead Pride.
Stock Floundering in Session: Pyxis Tankers Inc. (ASX:PXS)
However looking at valuation ratios the stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. Overall, out of the 2 analysts polled in the past 12 months, 1 rates Pyxis Tankers stock a Buy, while 1 rates the stock a Hold.
Deer hunters asked to track wasting disease
The deadly disease was found in a deer shot on November 12 in hunting district 401 in Liberty County near the Canadian border. Antlerless deer can be tagged using the deer or deer combo licenses during firearm, muzzleloader and late antlerless seasons.
PUBG About To Double Its Number Of Map
Aggressive players will immediately loot the Arena and Casino, but savvy players should check out the 4 story hotels between them. Xbox Australia announced via a press release that it will be dropping real life supply crates across the country.
Will bring Odd-Even without exemptions: Delhi govt to NGT
It said on Monday, "The government only talks about challans (prosecution slips). but nothing is reflected on the ground". However, later the city government demanded that the Odd-Even scheme shall come in entire NCR region and not just Delhi.