Medicaid Expenditure Growth Projected Lower than Private Insurance
Increasing health care expenditures are a source of great worry to public officials. Perhaps new data that show that public programs – Medicare and Medicaid – seem to hold down per capita spending growth more than private insurance will provide some reassurance to officials as they consider expanding public programs in their states.
Yesterday in the Wall St. Journal, Drew Altman, CEO of the Kaiser Family Foundation, examines data from the Federal Office of the Actuary in the Centers for Medicare and Medicaid Services that show the rate of increase in per capita spending is lower for the public programs Medicaid and Medicare than for private insurance. The chart below summarizes the federal data: