We’ve all heard a lot about the slowing of health care cost inflation. Yet, coming from Dan Diamond of The Advisory Board, here are some very interesting points of relevance to the topic:
“A lot of people have noted that health care spending has slowed,” Amitabh Chandra, an economist and the director of health policy research at the Harvard Kennedy School, told me last week.
“Many of us would like to think that this is a more permanent slowdown,” he added.
Center-left Washington is arguing with ever-greater ferocity that center-right Washington is mistakenly obsessed with deficit reduction. Part of the argument is familiar: 1. Low Treasury interest rates show markets unconcerned about the $16 trillion national debt. 2. As the economy continues to heal, annual deficits will shrink substantially.
I'm still digesting exactly what this means for health care policy, but if the
growth in health care costs is being "driven by the number of treated enrollees
as opposed to the cost of treatment," is that a problem?:
Peter Orszag: Economy Can’t Be All That’s Slowing Health Costs:
A new set of projections released last week by Medicare’s actuaries… suggests the deceleration in the growth of health costs we’ve seen over the past few years is ephemeral… [due] to the “lingering effects of the economic downturn and sluggish recovery” and to increases in cost sharing. Both of these explanations have serious shortcomings….
An old-fashioned housing market bounce will drive Britain back to economic health, one of the country’s leading forecasters has predicted.
Describing the Government’s controversial Help to Buy subsidised mortgage scheme as “well-timed and targeted”, the EY ITEM Club said there was little risk of a housing bubble and that recovering prices would boost spending and drive GDP growth.
WASHINGTON — The U.S. economy grew faster than previously estimated in the third quarter as exports and government spending provided a lift, but that boost is likely to be lost amid slowing global demand and a move towards tighter fiscal policy.
Gross domestic product expanded at a 3.1% annual rate, the Commerce Department said in its third estimate on Thursday, up from the 2.7% pace reported last month.
It was the fastest growth since late 2011 and also reflected a slightly better pace of consumer spending than previously estimated.