CMS’ actuaries: Healthcare spending will continue to increase, despite reform law promises
The landmark 2010 healthcare law will not slow the nation’s ballooning healthcare spending in the coming decade, and it will drive spending away from hospitals and toward physicians and pharmaceuticals, according to projections from the government’s healthcare actuaries.
The latest estimates of the impact of the Patient Protection and Affordable Care Act indicate that healthcare spending will continue to increase markedly in almost every respect through 2020. Those increases run contrary to one of the central promises of the law’s advocates, including President Barack Obama: that it would slow the rise of ever-higher healthcare costs. Continue reading