Report: Rise in health care spending - since passage of ACA - lowest on record
Cross-Post from LBN:
http://www.democraticunderground.com/1014653309
Health care spending since the 2010 passage of the Affordable Care Act has risen by 1.3% a year, the lowest rate ever recorded, and health care inflation is the lowest it has been in 50 years, a report released Wednesday by the White House shows.
An economy hobbled by the recession and 2008 economic crisis played a role in some of the reduced spending growth, officials said, but the report cited "structural change" caused, in part, by the law.
(more at link)
This should not be all that surprising. In September the Wall Street Journal (no really, the WSJ) reported
Medical-Price Inflation Is at Slowest Pace in 50 Years
http://online.wsj.com/news/articles/SB10001424127887323342404579081312680485476
[font size="3"]What's really
funny is to hear some say "well, it's because of the great recession. People are putting off getting things done (yeah, like heart surgery - UH-huh). BUT WHETHER PEOPLE ARE PUTTING MEDICAL PROCEDURES OFF OR NOT DOES NOT AFFECT THE RATES HOSPITALS AND DOCTORS CHARGE. THat's what these articles are referring to.[/font]