tci Medicare Compliance & Reimbursement - 2007 Issue 6

SPECIAL REPORT: New Plan To Reduce Health Care Costs Focuses On Increases In Health Care Outlays

Is $1.4 trillion in savings too little too late?The United States currently spends more than $2 trillion dollars every year on health care, and the price of coverage will only continue to rise. Although most industrialized countries spend eight to 10 percent of their Gross Domestic Product on health care, the United States spends 16 percent, and that percentage will increase over the next 10 years, says the Centers for Medicare & Medicaid Services. A new report from the Commonwealth Fund proposes a plan that will trim $2 trillion in health dollars over the next 10 years...

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