Health care costs rise at slowest rat...

Health care costs rise at slowest rate in 50 years

Posted in the Minneapolis Forum

Smarter Liberal

United States

#1 Jul 29, 2013
Source: USA Today

Health care costs rise at slowest rate in 50 years
Kelly Kennedy, USA TODAY 4:58 p.m. EDT July 29, 2013

WASHINGTON — Personal health care costs rose last year at the slowest rate in the last 50 years, the White House announced Monday, citing statistics aimed at bolstering the case for the 2010 health care law.

The 1.1% increase in personal consumption spending over the 12 months ending in May was due to decreases in hospital and nursing home services, according to a statement from Alan Krueger, chairman of the White House Council of Economic Advisers. Hospital readmissions rates dropped from an average of 19% to 17.9% for Medicare patients since the passage of the 2010 health care law, Krueger said.

The law is not affecting job growth, Krueger said. Job growth in industries that have traditionally not provided health insurance for their employees, such as restaurants, was higher. Restaurant sales and employment have increased more than any other retail sales industry since the law was signed, at about 11% for employment and 17% in retail sales, and weekly hours also have grown about 3% since the law was signed.

The announcement came after President Obama told The New York Times this weekend that support would come as the 2010 health care law is implemented, a hope that Americans will like the law's benefits when they take effect.

Read more: http://www.usatoday.com/story/news/politics/2...
digger

Minneapolis, MN

#2 Jul 29, 2013
Smarter Liberal wrote:
Source: USA Today
Health care costs rise at slowest rate in 50 years
Kelly Kennedy, USA TODAY 4:58 p.m. EDT July 29, 2013
WASHINGTON — Personal health care costs rose last year at the slowest rate in the last 50 years, the White House announced Monday, citing statistics aimed at bolstering the case for the 2010 health care law.
The 1.1% increase in personal consumption spending over the 12 months ending in May was due to decreases in hospital and nursing home services, according to a statement from Alan Krueger, chairman of the White House Council of Economic Advisers. Hospital readmissions rates dropped from an average of 19% to 17.9% for Medicare patients since the passage of the 2010 health care law, Krueger said.
The law is not affecting job growth, Krueger said. Job growth in industries that have traditionally not provided health insurance for their employees, such as restaurants, was higher. Restaurant sales and employment have increased more than any other retail sales industry since the law was signed, at about 11% for employment and 17% in retail sales, and weekly hours also have grown about 3% since the law was signed.
The announcement came after President Obama told The New York Times this weekend that support would come as the 2010 health care law is implemented, a hope that Americans will like the law's benefits when they take effect.
Read more: http://www.usatoday.com/story/news/politics/2...
REALLY?? You should see the incredible INCREASE in my employer's
health care premium costs, vs. what they were only 2 years ago.

I would say that a 20% increase would be "conservative".

So tell me again, how does obamacare reduce the total costs of health care, and why are so many employers cutting workers' hours so they don't have to "buy in" to ovomitcare??
digger

Minneapolis, MN

#3 Jul 29, 2013
digger wrote:
<quoted text>
REALLY?? You should see the incredible INCREASE in my employer's
health care premium costs, vs. what they were only 2 years ago.
I would say that a 20% increase would be "conservative".
So tell me again, how does obamacare reduce the total costs of health care, and why are so many employers cutting workers' hours so they don't have to "buy in" to ovomitcare??
Maybe it's because of all those mental health claims you keeps filing.

Mine went down this year.

Care to post which employers have reduced hours - and why? Oh, that's right, you can't, because you are making shit up.
goose

La Grange, IL

#4 Jul 29, 2013
digger wrote:
<quoted text>
Maybe it's because of all those mental health claims you keeps filing.
Mine went down this year.
Care to post which employers have reduced hours - and why? Oh, that's right, you can't, because you are making shit up.
Yeah, mine went down also, along with co-pays going up and fewer things covered!
How about the rest of the story!
goose

La Grange, IL

#6 Jul 30, 2013
digger wrote:
<quoted text>
Here's the truth:
WASHINGTON — Personal health care costs rose last year at the slowest rate in the last 50 years, the White House announced Monday, citing statistics aimed at bolstering the case for the 2010 health care law.
The TRUTH is you need to look at the whole picture! What are you now getting and what were you getting before. I stand by my statment (because it IS what happened to me). Higher deductables, higher copays, fewer things covered. Tole those costs into you rosey projection and smoke it!
goose

La Grange, IL

#7 Jul 30, 2013
for slewzie ... "total"
goose

Saint Paul, MN

#8 Jul 30, 2013
To be fair, I've been paying higher premiums for less coverage every year for as long as I can remember. I also blame Obama when my shoe lace breaks.
LIbEralS

Saint Paul, MN

#9 Jul 30, 2013
goose wrote:
<quoted text>
Yeah, mine went down also, along with co-pays going up and fewer things covered!
How about the rest of the story!
NOBODY's co-pays went down. This is just BS.
Arch Stanton

Cottage Grove, MN

#10 Jul 30, 2013
goose wrote:
<quoted text>
Yeah, mine went down also, along with co-pays going up and fewer things covered!
How about the rest of the story!
Yeah! Whats with the $45.00 co-pay,thats a 110% increase. WTF over!!
goose

La Grange, IL

#12 Jul 30, 2013
Obama and the left sold it on the idea costs would go down Slew!
See the point? I know you will not admit it even if you do.

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