7 reasons for slower spending growth
NEJM researchers find the reasons behind the slowdown
- Fewer blockbuster drugs
- Slower growth in existing technologies
- Higher out-of-pocket costs for members
- Penalties for hospital-acquired conditions
- Penalties for preventable readmissions
- Accountable care
- Bundled payment
According to the New England Journal of Medicine, last year healthcare spending rose only moderately for the third year in a row, increasing by 0.8% per person, slightly less than the rate of growth of gross domestic product per capita. This trend marks a departure from the previous five decades, and may be fueled in part by payment reforms contained within the Affordable Care Act.
Source: The New England Journal of Medicine, December 25, 2013
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