Dramatic Medicare cuts to skilled nursing facilities played a significant part in keeping healthcare spending low in 2012, the Centers for Medicare & Medicaid Services announced Monday.
Spending on healthcare, including skilled nursing care, has grown at a historically slow rate in the last three years, according to a new analysis from the Council of Economic Advisers. The group, which reports to the president, linked the slow growth to Affordable Care Act policies.
Both houses of Congress passed budgets late last week, setting up the next phase of the ongoing debate over healthcare spending.
Healthcare spending totaled $2.7 trillion in 2011 and accounted for 17.9% of the nation's gross domestic product, according to the Centers for Medicare & Medicaid Services. Health outlays rose by 3.9% in 2011, which was identical to the increases seen in both 2010 and 2009.
Consumer healthcare spending is expected to grow at a relatively modest rate between now and 2014, due largely to the struggling economy, a federal report predicts.
Long-term care saw a significant jump in merger, acquisition and takeover activity in 2011, according to a new report.
The Bipartisan Policy Center released a debt reduction proposal that includes several healthcare-related spending cuts.
By 2012, taxpayers will be footing the bill for 50% of all healthcare spending in the U.S., a new government report suggests.