26 hours ago · The deceleration was influenced by slower growth in medical benefits and a decline in fees and taxes resulting from the Consolidated Appropriations Act 2016, which suspended collection of the health insurance provider fee in 2017. Medicare spending (20 percent of total healthcare spending) grew 4.2 percent to $705.9 billion in 2017, which was about the same rate as in 2016 when spending grew 4.3 percent. In 2017, … >> Go To The Portal
The CMS Annual Financial Reports can be obtained at: www.cms.gov/CFOReport AT A GLANCE Original Publication Date: November 3, 2017 Publication Number: 909418 Inventory Control Number: 952017 CMS Financial Report 2017 i 123 $ in billions AT A GLANCE
HCCI holds one of the largest databases for the commercially insured population, and in 2014 became the first national Qualified Entity (QE) entitled to hold Medicare data. For more information, visit healthcostinstitute.org, email us at info@healthcostinstititute.org, or follow us on Twitter @healthcostinst
Over the five-year period, per-person spending on medical inpatient admissions grew 4%, with most of that increase occurring in the last two years [Figure 17]. Labor/delivery/newborn spending per person increased steadily throughout the period and had the second largest cumulative growth ($26) [Figure 16].
Medicare spending (20 percent of total healthcare spending) grew 4.2 percent to $705.9 billion in 2017, which was about the same rate as in 2016 when spending grew 4.3 percent.
Private health insurance spending (34 percent of total healthcare spending) increased 4.2 percent to $1.2 trillion in 2017, which was slower than the 6.2 percent growth in 2016.
Retail prescription drug spending (10 percent of total healthcare spending) slowed in 2017, increasing 0.4 percent to $333.4 billion. This slower rate of growth followed 2.3 percent growth in 2016, which was much slower than in 2014, when spending grew 12.4 percent, and in 2015, when spending grew 8.9 percent.
CMS Office of the Actuary Releases 2017 National Health Expenditures. Overall national health spending grew at a rate of 3.9 percent in 2017, almost 1.0 percentage point slower than growth in 2016, according to a study conducted by the Office of the Actuary at the Centers for Medicare & Medicaid Services ...
Retail prescription drug spending growth slowed in 2017 primarily due to slower growth in the number of prescriptions dispensed, a continued shift to lower-cost generic drugs, slower growth in the volume of some high-cost drugs, declines in generic drug prices, and lower price increases for existing brand-name drugs.
Out-of-pocket spending (10 percent of total healthcare spending) includes direct consumer payments such as copayments, deductibles, and spending not covered by insurance. Out-of-pocket spending grew 2.6 percent to $365.5 billion in 2017, which was slower than the 4.4 percent growth in 2016. Sponsors of Healthcare.
Medicare spending grew at about the same rate in 2017 as in 2016, while Medicaid spending grew at a slower rate in 2017 than in 2016. According to the report, overall healthcare spending growth slowed in 2017 for the three largest goods and service categories – hospital care, physician and clinical services, and retail prescription drugs.
This report presents statistics on health insurance coverage in the United States based on information collected in the 2014, 2015, 2016, 2017, and 2018 Current Population Survey Annual Social and Economic Supplements (CPS ASEC) and the American Community Survey (ACS).
Figure 1. Percentage of People by Type of Health Insurance Coverage and Change From 2013 to 2017 [<1.0 MB]
HHI-01. Health Insurance Coverage Status and Type of Coverage--All Persons by Sex, Race and Hispanic Origin: 2017 to 2020 [<1.0 MB]
HIC-4_ACS. Health Insurance Coverage Status and Type of Coverage by State -- All Persons: 2008 to 2019 [<1.0 MB]
The Current Population Survey is a joint effort between the Bureau of Labor Statistics and the Census Bureau.
The U.S. Census Bureau will hold an online news conference to announce the findings on Wednesday, Sept. 12 at 10 a.m. EDT.
In 2015, taxable payroll increased by about 5 percent while spending grew at a slower 3 percent, resulting in a decrease in the cost rate to 3.42 percent. Similarly, in 2016, taxable payroll increased by about 4 percent while spending grew at 3 percent, resulting in another decrease in the cost rate to 3.38 percent.
Fiscal years 1970 and 1975 consist of the 12 months ending on June 30 of each year; fiscal years 1980 and later consist of the 12 months ending on September 30 of each year. 2. Includes Part B general fund matching payments, Part D subsidy costs, and certain interest-adjustment items.
This brief uses 2012 Medicare Current Beneficiary Survey (MCBS) data to examine racial and ethnic differences in self-reported measures on access to care, propensity to seek care, self-care knowledge and behaviors, diabetes management, and complications among Medicare beneficiaries ages 65 and older.
This data highlight examines the physical and mental health outcomes of Medicare Advantage beneficiaries by race and ethnicity. It is one of the few analyses that compares granular racial and ethnic groups in the same study, is based on a nationally representative sample, and focuses on mental health in older adults.
These reports summarize the enrollment-related activity in the individual Marketplaces during each OEP for all 50 states and the District of Columbia (DC). The current data highlight complements the most recent 2017 OEP Final Enrollment Report [1] by — for the first time ever — examining Marketplace enrollment activity stratified by the detailed racial and ethnic categories specified in Department of Health and Human Services (HHS) standards [2] as well as detailed spoken and written language preference.
Of those who did, the most frequently selected spoken language was English (89.93%), followed by Spanish (8.36%). This pattern is similar to adult Marketplace consumer written language preferences.
The 2017 Health Care Cost and Utilization Report examines medical and prescription drug spending, utilization, and average prices, and is based on health care claims data from 2013 through 2017 for Americans under the age of 65 who were covered by employer-sponsored insurance (ESI). The keyfindings are:
Drawing on the health care claims of more than 40 million Americans, one of the largest and most complete databases of its type, this report provides a one-of-a-kind view into health care spending, use, and prices for individuals under 65 covered by employer-sponsored insurance (ESI).
The Health Care Cost Institute was launched in 2011 to promote independent, nonpartisan research and analysis on the causes of the rise in U.S. health spending. HCCI holds one of the largest databases for the commercially insured population, and in 2014 became the first national Qualified Entity (QE) entitled to hold Medicare data.
Applicability: Plans and issuers will be required to use the 2021 Summary of Benefits and Coverage (SBC), the 2021 SBC Calculator Guide and Narratives, and, should they choose to use the SBC Calculator, the 2021 SBC Calculator beginning on the first day of the first open enrollment period for any plan years (or, in the individual market, policy years) that begin on or after January 1, 2021, with respect to coverage for plan or policy years beginning on or after that date..
Applicability: Health plans and issuers that maintain an annual open enrollment period will be required to use the April, 2017 edition of the SBC template and associated documents beginning on the first day of the first open enrollment period that begins on or after April 1, 2017 with respect to coverage for plan years (or, in the individual market, policy years) beginning on or after that date.