A new Urban Institute study found the United States is expected to spend $2.6 trillion less over the next six years on healthcare than past estimates suggested, according to The Hill.
Here are four notes:
1. A 2010 estimate projected U.S. healthcare spending would reach $23.7 trillion between 2014 and 2019.
2. In 2015, a study projected the United States would spend $21.1 trillion in that time frame, $2.6 less than the 2010 estimate.
3. Various factors such as a slow recovery following the recession and Medicare reform may play significant roles in the lower-than-projected spending.
3. The shift to value-based payments and participation in accountable care organizations may also contribute to this reduced figure.
4. Additionally, various states failing to expand Medicare and cover more individuals may contribute to the smaller estimate.
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