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  • After Record-Low Rates of Increase, Health Spending Likely to Rise by 6% Annually Over Next Decade

    After historically low rates of growth in the wake of the Great Recession, health care spending is projected to rise by 5.6% in 2014, and will likely see average growth rates of 6% 2015–2023, according to a new report from the Centers for Medicare and Medicaid Services (CMS) published in Health Affairs.

    A gradually improving economy and aging baby boomers will serve as primary drivers in the increased spending, which will be offset to a degree by "slower growth in Medicare payment rates mandated by health law, cuts made to hospitals and doctors in the congressional budget-cutting efforts, and the increasing use of higher deductibles in private insurance plans," according to a report from Kaiser Health News.

    The CMS report received widespread coverage, and nearly as interesting as the report itself is a Kaiser Health News summary of how various news outlets chose to characterize the predictions as everything ranging from the numbers confirming that "a feared surge in spending isn't happening" (Politico) to the predictions describing "substantial increases over the next decade, expected to be driven by increased coverage due to the Affordable Care Act" (Fox News).

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