Has the cost curve bent?

The answer may be ‘yes’ according to recent figures from the CMS Office of the Actuary (OACT). For the fourth consecutive year, growth in health care spending remained low, increasing by 3.7 percent in 2012 to $2.8 trillion. At the same time, the share of the economy devoted to health fell slightly (from 17.3 percent to 17.2 percent) as…

PwC Top Healthcare Trends for 2014

PwC predicts the top trends in Healthcare for 2014. Rethinking roles. Fiscal pressures, sweeping regulatory changes under the Affordable Care Act, and an industry-wide shift to consumerism have given rise to a new health economy. To succeed, some healthcare organizations are reinventing themselves. Insurers are acquiring provider groups. Providers are entering the insurance business. Retailers…

The End of Hospital Cost Shifting?

Medicare is cutting reimbursement to hospitals.  Austin Frakt (HSR 2013) gives some highlights findings from a CMS report: [The ACA] will permanently reduce the Medicare payments hospitals would otherwise receive. Its ‘productivity adjustment’ will scale payments downward by the average rate at which private nonfarm businesses’ productivity increases. That rate has been estimated to be…

Does acupuncture work?

The answer is likely yes, but the result may be simply due to a placebo effect, albeit a strong one. A new analysis has found that both real and sham acupuncture treatments may help alleviate side effects of drugs commonly used to treat breast cancer. Breast cancer patients who take a type of drug called…