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Monitoring health spending increases: incremental budget analyses reveal challenging tradeoffs.

Hartman M, Smith C, Heffler S, Freeland M - Health Care Financ Rev (2006)

Bottom Line: With each passing decade, health care has consumed a larger share of gross domestic product (GDP) and Federal budgets.The financing challenges are expected to become more acute for private payers as well as Federal, State, and local budgets.With the implementation of Part D in 2006, the U.S. Office of Management and Budget projects that Federal budget pressures will heighten, bringing increased attention to Medicare's long-term fiscal outlook.

View Article: PubMed Central - PubMed

Affiliation: Office of the Actuary, Centers for Medicare & Medicaid Services (CMS), Baltimore, MD 21244-1850, USA. Micah.Hartman@cms.hhs.gov

ABSTRACT
With each passing decade, health care has consumed a larger share of gross domestic product (GDP) and Federal budgets. By the 2000-2004 period, society was willing to devote over 20 percent of the cumulative increase in GDP and the cumulative increase in Federal outlays towards health care. The financing challenges are expected to become more acute for private payers as well as Federal, State, and local budgets. With the implementation of Part D in 2006, the U.S. Office of Management and Budget projects that Federal budget pressures will heighten, bringing increased attention to Medicare's long-term fiscal outlook.

Show MeSH
Marginal Share of Gross Domestic Product (GDP) Spent on Health Care: Calendar Years 1971-2004
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f1-hcfr-28-1-041: Marginal Share of Gross Domestic Product (GDP) Spent on Health Care: Calendar Years 1971-2004

Mentions: We also find that a larger share of the increase in GDP is spent on health during recessionary periods (Figure 1). To some extent, the countercyclical nature of health spending is beneficial in that it helps to cushion the impact of cyclical swings in GDP. For example, Medicaid spending often increases during recessionary periods as the unemployment rate rises. A sharply rising marginal share often reflects the effect of a contraction in real GDP, and the effect becomes more significant as the average share of health to GDP increases.


Monitoring health spending increases: incremental budget analyses reveal challenging tradeoffs.

Hartman M, Smith C, Heffler S, Freeland M - Health Care Financ Rev (2006)

Marginal Share of Gross Domestic Product (GDP) Spent on Health Care: Calendar Years 1971-2004
© Copyright Policy
Related In: Results  -  Collection

Show All Figures
getmorefigures.php?uid=PMC4194975&req=5

f1-hcfr-28-1-041: Marginal Share of Gross Domestic Product (GDP) Spent on Health Care: Calendar Years 1971-2004
Mentions: We also find that a larger share of the increase in GDP is spent on health during recessionary periods (Figure 1). To some extent, the countercyclical nature of health spending is beneficial in that it helps to cushion the impact of cyclical swings in GDP. For example, Medicaid spending often increases during recessionary periods as the unemployment rate rises. A sharply rising marginal share often reflects the effect of a contraction in real GDP, and the effect becomes more significant as the average share of health to GDP increases.

Bottom Line: With each passing decade, health care has consumed a larger share of gross domestic product (GDP) and Federal budgets.The financing challenges are expected to become more acute for private payers as well as Federal, State, and local budgets.With the implementation of Part D in 2006, the U.S. Office of Management and Budget projects that Federal budget pressures will heighten, bringing increased attention to Medicare's long-term fiscal outlook.

View Article: PubMed Central - PubMed

Affiliation: Office of the Actuary, Centers for Medicare & Medicaid Services (CMS), Baltimore, MD 21244-1850, USA. Micah.Hartman@cms.hhs.gov

ABSTRACT
With each passing decade, health care has consumed a larger share of gross domestic product (GDP) and Federal budgets. By the 2000-2004 period, society was willing to devote over 20 percent of the cumulative increase in GDP and the cumulative increase in Federal outlays towards health care. The financing challenges are expected to become more acute for private payers as well as Federal, State, and local budgets. With the implementation of Part D in 2006, the U.S. Office of Management and Budget projects that Federal budget pressures will heighten, bringing increased attention to Medicare's long-term fiscal outlook.

Show MeSH