THE DAILY DOSE: THURSDAY, FEBRUARY 4, 2010
Stephanie Lundberg
(202) 225 - 3130
At the Time This Daily Dose Was Sent, Insured Americans Had Paid a “Hidden Tax” of $47,378,226,179 since January 1, 2009 in Additional Premium Costs to Cover Care for the Uninsured. Under the Microscope MEDICAL EXPENSES HAVE ‘VERY STEEP RATE OF GROWTH’ A Center for Medicare and Medicaid Services (CMS) Office of the Actuary report was released today in the Journal of Health Affairs. It shows health spending consumed a record portion of the economy last year at 17.3 percent of GDP. This health share of gross domestic product (GDP) is expected to have increased 1.1 percentage points in 2009—the largest single-year increase since 1960. And public spending is projected to account for more than half of all U.S. health care spending by 2012. With current total health spending in the U.S. at $2.5 trillion, imagining the Federal government footing half of an amount even greater than that in 2012 produces new urgency for getting health insurance reform passed that will slow the growth rate of health care costs and reduce budget deficits over the long term. Read the CMS Office of the Actuary Report on national health expenditures: Health Spending Projections Through 2019: The Recession’s Impact Continues. CHIPRA ONE YEAR LATER: CONNECTING KIDS TO COVERAGE A year ago today the President signed the Children’s Health Insurance Program Reauthorization Act (CHIPRA) – the successful and popular program that has brought health insurance coverage to 2.6 million previously uninsured children in fiscal year 2009 alone. And because of the CHIP program, created under President Clinton in 1996, 40 million children last year had health insurance coverage. In the first year after passage of CHIPRA, Medicaid and CHIP have provided a lifeline of coverage for our children in the face of tough economic times. Remarkably the Census Bureau announced this fall that the uninsured rate among our children was at its lowest level in over 20 years. Now it’s time to build on its successes and give all of America’s people an opportunity to find secure, affordable coverage for themselves and their families in a fiscally responsible way. Read Secretaries Sebelius and Vilsack’s press release on the one-year anniversary and “The Secretary’s Challenge” Read the report One Year Later: Connecting Kids to Coverage Health Care Headlines Soaring Cost of Healthcare Sets a Record Health-Care Sector Grew As Economy Contracted In 2009 House Democrats Press Ahead With New Health Care Plan Obama Suggests Republicans Could Have a Role In Health-Care Bill In Hartford, More Than 1,000 Receive Medical Help At Free Clinic OPINION: Ditching Health Reform Will Only Dig Us Into A Deeper Deficit OPINION: Inaction on Health Is Costly COMMENTARY: Report: Feds To Pay More Than Half of Health Costs |