Medicare spending slowing…anticipation of ACA kicking in?

Tuesday, August 16th, 2011 @ 8:52 pm | Health Care

Another one of those links to information that Republicans can never acknowledge. Turns out that Medicare reining in costs, and ACA looks like the culprit!

Zeke Emanuel, an oncologist and former special adviser for health policy to White House Office of Management and Budget director Peter Orszag, is certain that this is what is happening. When I spoke to him last week, Emanuel, said: “This is not mere chance: this is directly related to the initiation of health care reform.” It is not the result of reform, Emmanuel emphasized. The reform measures that will rein in Medicare inflation have not yet been implemented. But, he explained, providers are “anticipating the Affordable Care Act kicking in.” They can’t wait until the end of 2013: “They have to act today. Everywhere I go,” Emanuel, added, “medical schools and hospitals are asking me, ‘How can we cut our costs by 10 to 15 percent?’

One of the least touted features of the Affordable Care Act is that it implements several seed programs for cost controls…in fact, it features most of the cost controls anybody can imagine, sans the Republican plan of simply scrapping Medicare and offering fixed vouchers. It’s widely understood that fee-for-service, that wonderful method of charging you for every aspirin, racks up huge costs quickly, and that organizations like Kaiser Permanente (which insures my family) are showing the way ahead with salaried doctors and incentives for good care.

Fortunately, those in the medical industry are supportive of the Affordable Care Act, and being rather smart people they understand where the future is headed. Thus the initiative being taken in getting healthcare spending under control while maintaining standards of care.

-hw

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