iLoveBenefits: Industry News Blog

The Federal Government Paid for 28% of Total Healthcare Spending in 2016

October 8, 2018

        

 

The California Health Care Foundation released a report earlier this year on US healthcare spending. Here is the breakdown for the 3.3 trillion healthcare dollars spent in 2016:

 

 

28% of total health spending in 2016 was paid for by the federal government.
Households accounted for 28% of total healthcare spending in 2016.
Private businesses paid for 20% of total healthcare spending in 2016.
17% of total health spending was paid for by state and local governments.

 

 

Source: California Health Care Foundation, May 2018

October 8, 2018 | Categories: Cost,Federal Government,healthcare | Tags: , | Comments (0)

Asthma Costs the U.S. Economy $81.9 Billion Annually

January 22, 2018

 

 

The American Thoracic Society recently published research on the financial burden of Asthma in the U.S. Here are some key findings from the report:

 

Asthma costs the U.S. economy $81.9 billion annually.
About 15.4 million people in the U.S. had treated asthma each year.
The annual per-person medical cost of asthma was $3,266.
The cost of asthma prescriptions is $1,830 per person per year.
Asthma-related mortality cost $29 billion per year, representing 3,168 deaths.
Missed work and school days combined cost $3 billion per year.

 

 

Source: American Thoracic Society, January 12, 2018

January 22, 2018 | Categories: Chronic conditions,Cost,drugs,healthcare | Tags: , , | Comments (0)

Is this the beginning of the reshaping of the primary care delivery model

EMS Jobs Are Projected to Increase 15% by 2026

 

Modern Healthcare recently released a data brief on employment trends for Emergency Medical Services (EMS). Here are some key findings from the report:

 

There were 248,000 EMT and paramedic jobs in 2016.
The median annual pay for EMTs and paramedics is $32,670.
The amount of EMT and paramedic jobs are projected to increase 15% by 2026.
EMS professionals respond to 37 million calls annually.
There are an estimated 21,283 EMS agencies nationwide.
There are about 81,295 EMS vehicles (ambulances, helicopters, fire trucks).

 

 

Source: Modern Healthcare, December 16, 2017

January 8, 2018 | Categories: healthcare,Primary Care | Tags: , , , | Comments (0)

National Health Spending Increased 4.3% in 2016

December 12, 2017

The CMS Office of the Actuary recently released national health expenditures for 2016. Here are some key findings from the report:

• In 2016, overall national health spending increased 4.3%.
• Retail prescription drug spending increasing 1.3% to $328.6 billion in 2016.
• Private health insurance spending increased 5.1% to $1.1 trillion in 2016.
• Medicare spending grew 3.6% to $672.1 billion in 2016.
• Spending growth for Medicaid slowed in 2016, increasing 3.9% to $565.5 billion.
• Out-of-pocket spending grew 3.9% to $352.5 billion in 2016.

Source: CMS Office of the Actuary, December 6, 2017

Recent data about the US population from the CDC

  • POPULATION: The U.S. population grew from 216.0 million to 321.4 million between 1975 and 2015.
    • The number of Americans aged 65 and over increased from 22.6 million to 47.8 million during 1975–2015.
    • In 1980, 20.1% of the population identified as racial or ethnic minorities; by 2015, 38.4% of the population identified as racial or ethnic minorities.
    • During 1975–2015, children under 18 were more likely to live in poverty than adults aged 18-64, and adults 65 and over.
    • The rural (nonmetropolitan) share of the population declined between 1970 and 2015, while the suburban share of the population increased.
  • LIFE EXPECTANCY: Between 1975 and 2015, life expectancy increased by 6.2 years for the total population and increased for males and females.
  • INFANT MORTALITY: The infant mortality rate decreased 63%, from 16.07 to 5.90 deaths per 1,000 live births between 1975 and 2015.
  • CAUSES OF DEATH: Heart disease and cancer were the top two causes of death in the U.S. throughout the past 4 decades.
  • CIGARETTE SMOKING: Between 1974 and 2015, the age-adjusted prevalence of current cigarette smoking among persons aged 25 and over decreased from 36.9% to 15.6%. In 2015, men and women aged 25 and over with no high school diploma were more than four times as likely to smoke as those with a bachelor’s degree or higher.
  • OBESITY: The age-adjusted percentage of adults aged 20 and over with obesity increased steadily from 22.9% in 1988–1994 to 37.8% in 2013–2014.
  • PRESCRIPTION DRUGS: For all adult age groups, the percentage taking one or more prescription drug in the past month increased between 1988–1994 and 2013–2014. Among adults aged 65 and over, use of five or more prescription drugs in the past 30 days increased from 13.8% to 42.2% in same time period.
  • HEALTH INSURANCE: Between 1978 and September 2016 (preliminary data), the percentage of children under age 18 who were uninsured decreased from 12.0% to 5.0%; the percentage with Medicaid coverage increased from 11.3% to 39.2%; and the percentage with private coverage decreased from 75.1% to 53.5%.

Health, United States 2016” with “Chartbook on Long-term Trends in Health” is available on the NCHS web site at: http://www.cdc.gov/nchs/hus.htm.

Medicare Expenditures For 2014-2019 Will Be $4.3 Trillion

 

 

The Robert Wood Johnson Foundation recently released a report on health care spending growth trends. Here are some key findings:

 

National health expenditures (NHE) grew 3.6% per year between 2009 and 2013.
NHE grew 4.3% annually from 2010 to 2015.
Medicare expenditures for 2014 to 2019 are projected to be $4.3 trillion.
Private insurance expenditures for 2014-2019 are projected to be $7 trillion.
NHE per capita is projected to increase 4.6% per year from 2014-2019.
Medicaid enrollment is expected to increase by 2.7%.

 

 

Source: Robert Wood Johnson Foundation, May 2017

June 6, 2017 | Categories: Cost,healthcare,Medicare | Tags: , , | Comments (0)

What C-Suite Executives Want in 2017

26% of Californians Were Covered By Medicaid/CHIP in 2015

Some simply amazing data. How can this be?

Kaiser Family Foundation recently updated state fact sheets on Medicaid spending. Here are some key findings from the report on Medicaid in California:

• In FY 2015, Medicaid spending in CA was $85.4 billion.
• 26% of people in CA were covered by Medicaid/CHIP in 2015.
• 4 in 5 Medicaid enrollees in CA are in families with a worker.
• 34% of Medicaid spending in CA is for Medicare beneficiaries.
• One-fifth of state general fund spending in CA is for Medicaid.
• 58% of all federal funds received by CA is for Medicaid.

Source: Kaiser Family Foundation, January2017

Birth Defects Account for 5.2% of Hospital Costs

The CDC recently released an analysis of the hospitalization costs associated with birth defects. Here are some key findings from the report:

• Structural or genetic birth defects affect 3% of live births in the U.S.
• 20% of infant deaths in the U.S. are due to birth defects.
• Birth defects accounted for 3% of all hospitalizations.
• 5.2% of total hospital costs are attributable to birth defects.
• Birth defect–associated hospitalizations cost $22.9 billion in 2013.
• Cardiovascular defects accounted for 14% of birth defect hospitalizations.

Source: Centers for Disease Control and Prevention, January 20, 2017

January 30, 2017 | Categories: Cost,healthcare,hospitals,quality | Tags: , , , | Comments (0)

Seeing Medicare and Medicaid Patients

According to a recent survey, 73.1% of physicians do not limit the number of Medicare patients they see, and 63.7% of physicians do not limit the number of Medicaid patients they see. Source: 2016 Survey of America’s Physicians: Practice Patterns & Perspectives, The Physicians Foundation, September 21, 2016.

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