From the piece... In a November 20 report, economist Jason Furman, the chairman of the Council of Economic Advisors (CEA), highlighted several positive impacts of the Affordable Care Act (ACA). According to Furman, the ACA has already helped reduce waste and overpayment in Medicare that is contributing to the recent slow growth in health care prices and spending. Furman argues that reduced spending in Medicare is having an effect across the health care sector. And this ... Even as coverage efforts are sputtering, success on the cost front is becoming more noticeable. Since 2010, the average rate of health-care cost increases has been less than half the average in the prior 40 years. The first wave of the cost slowdown emerged just after the recession and was attributed to the economic hangover. Three years later, the economy is growing, and costs show no sign of rising. Something deeper is at work. [The Washington Post, 11/8/13]
Posted on: Tue, 28 Jan 2014 11:49:23 +0000
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