[net-gold] HEALTH CARE REFORM: Government Health Programs Save Everyone Money: Study
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold -- Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx, Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Nabble Groups Net-Gold <ml-node+s3172864n3172864h56@xxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Net-Gold <NetGold_general@xxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, "Net-Gold @ Wiggio.com" <netgold@xxxxxxxxxxxxxx>, Health Lists -- Health Diet Fitness Recreation Sports <healthrecsport@xxxxxxxxxxxxxxx>, HEALTH-RECREATION-SPORTS-TOURISM@xxxxxxxxxxxxxxxxxxx
- Date: Sun, 5 Jan 2014 15:19:08 -0500 (EST)
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HEALTH CARE REFORM:
Government Health Programs Save Everyone Money: Study
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Government Health Programs Save Everyone Money: Study
The Huffington Post
By Jillian Berman
Posted: 12/30/2013 1:57 pm EST
Updated: 12/30/2013 2:52 pm EST
http://www.huffingtonpost.com/2013/12/30/
medicaid-health-care-cost_n_4519383.html
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A shorter URL for the above link:
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http://tinyurl.com/ozqcpnk
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Health Care Reform, Health Care Law, Health Care Costs, Health Care Costs
Drop, Medicaid Health Care Costs, Obamacare, Obamacare Medicaid, Obamacare
Medicaid Expansion, Obamacare-Health-Care-Costs, Business News
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More and more it seems that, when the government subsidizes health
insurance, patients' share of health care costs go down.
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The latest evidence: In the years immediately following the implementation
of Medicare and Medicaid -- two programs that dramatically expanded
government-sponsored health coverage -- patients share of out-of-pocket
costs dropped by 40 percent, according to a December paper from Jeffrey
Clemens, an economist at the University of California at San Diego.
Out-of-pocket costs are what patients are responsible for paying on their
own. In the case of insured patients, those costs can include copays and
deductibles. Uninsured patients typically have to pay for all of their
medical services out-of-pocket.
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snip
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As Medicaid became more comprehensive, patients' out-of-pocket costs
continued to drop, Clements said, ultimately falling 90 percent from their
1960 levels by 1980.
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The study adds to a growing body of evidence that these government
entitlement programs helped cut health-care cost burdens for struggling
consumers. Just 16 percent of funding for personal health care came from
out-of-pocket payments in 2003, down from 55 percent in 1960, according to
a 2005 study from the Department of Health and Human Services.
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And Medicaid alone kept at least 2.6 million people out of poverty in
2010, according to a recent paper in the Journal of Health Economics.
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If the pattern holds, the Affordable Care Act, also known as Obamacare,
could lead to even more cost savings. Out-of-pocket health-care costs will
drop from $1,463 to just $34 per year in 2016 for the 11.6 million
low-income Americans who are expected get health coverage as a result of
the laws expansion of Medicaid, according to an October RAND study.
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The complete article may be read at the URL above.
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Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
http://workface.com/e/daviddillard
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