Affordable Care Act Leads To Reduced Health Care Spending

As President Obama and supporters of the Affordable Care Act have been saying, the rate health care spending is slowing down, and it’s at least partly because of Obamacare.

The researchers attributed much of the slowed growth rate to several one-time events, including reduced payments to most providers through Medicare because of the Affordable Care Act, as well as several popular medications coming off-patent and, therefore, allowed to be replicated as generic medications. In 2012, they also saw slower growth in health-related equipment purchases because of the end of funding from the American Recovery and Reinvestment Act of 2009…

A November report from the White House Council of Economic Advisers found that health care spending since the passing of the law in 2010 has risen at 1.3% a year, the lowest rate ever reported, and that health care inflation is the lowest it has been in 50 years. That report used data from the Office of the Actuary, including projections from 2012. That report noted that the Congressional Budget Office reduced Medicare and Medicaid spending projections in 2020 by $147 billion since 2010.

By: Alan

Alan Colmes is the publisher of Liberaland.