Bad economic times, and not health care reform, account for the record slowdown in U.S. health care spending, according to a new Kaiser Family Foundation study, Assessing the Effects of the Economy on the Recent Slowdown in Health Spending(Study). The Study findings call into question assertions by Obama Administration officials crediting health care reform, pressure on health plans applied by the Obama Administration officials and other regulatory and enforcement efforts with reducing the curve on health care costs.
According to Kaiser Foundation, government statistics show that the period from 2009-2011 had the slowest growth (3.9%) in health care expenditures since the government began tracking health expenditure data in 1960.
The Study that evaluated how the economy affects U.S. health spending concluded that economic factors beyond the health system explain 77 percent of the slowdown and predicts more rapid growth when the economy strengthens. Meanwhile, the Study credits only 23 percent of…
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