MedPAC details Medicare spending and more
By HME News Staff
Updated 9:05 AM CDT, Tue August 1, 2023
WASHINGTON – The Medicare Payment Advisory Commission (MedPAC) has released its 2023 data book on health care spending and the Medicare program.
The 200-page report provides Medicare data on spending, demographics, beneficiary access to care, and quality of care, among other information.
Among MedPAC’s findings:
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Medicare was the largest single purchaser of personal health care in the U.S., gobbling up 24% of total spend;
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Medicare spending by type of service varied, from 18% on DME to 37% on home health.
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Medicare spending is expected to double in the next 10 years.
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Health care spending per enrollee has grown faster for the privately insured than for beneficiaries in traditional FFS Medicare from 2014-20.
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The declining ratio of workers to Medicare beneficiaries threatens the Medicare program’s financial stability.
The complete list of sections in the report are: National health care and Medicare spending, Medicare beneficiary demographics, Medicare beneficiary and other payer financial liability, dual-eligible beneficiaries, alternate payment models, acute inpatient services, ambulatory care, post-acute care, Medicare Advantage, prescription drugs, and other services.
View the report here.
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