Total Medicare Spending in 2014 = $613.3 billion

Slides:

Advertisements

Similar presentations

Medicare’s Role Medicare covers 47 million Medicare beneficiaries

Advertisements

Exhibit 1. The Affordable Care Act’s Key Coverage Accomplishments, November 2013 HEALTH INSURANCE COVERAGE PROVISION, START DATEIMPACT Young adults up.

Peterson-Kaiser Health System Tracker What is behind the recent slowdown in health spending?

MEDICARE: PAST, PRESENT AND FUTURE James G. Anderson, Ph.D. Department of Sociology & Anthropology.

MEDICARE: PAST, PRESENT AND F UTURE James G. Anderson, Ph.D. Department of Sociology & Anthropology.

Introduction to Health Economics. Per Capita Total Current Health Care Expenditures, U.S. and Selected Countries, 2007 ^OECD estimate. *Differences in.

Medicare and the New Prescription Drug Benefit Presented by Tricia Neuman, Sc.D. Vice President and Director, Medicare Policy Project The Henry J. Kaiser.

MEDICARE PRESCRIPTION DRUG BENEFIT Presented by Juliette Cubanski, Ph.D. Principal Policy Analyst Medicare Policy Project The Henry J. Kaiser Family Foundation.

The Affordable Care Act Early Impacts. The main provisions of the law do not launch until However, a lot of change has taken place. Dependent Coverage:

Medicare: An Overview September 30, 2014 Society for Financial and Professional Development 7 th Annual Financial Literacy Leadership Conference Christina.

The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 Presented by Tricia Neuman, Sc.D. Vice President and Director, Medicare Policy.

Issues and Challenges Facing Medicare Mark L. Hayes.

Medicare Advantage Overview Diane Rowland, Sc.D. Executive Vice President Kaiser Family Foundation Alliance for Health Reform July 16, 2007.

NOTES: Numbers may not sum to total due to rounding. People with disabilities under age 65 were not eligible for Medicare prior to SOURCE: Centers.

The Impact of Health Expenses on Older Women ’ s Financial Security Juliette Cubanski, Ph.D. The Henry J. Kaiser Family Foundation AcademyHealth 2007 Annual.

Peterson-Kaiser Health System Tracker How has U.S. spending on healthcare changed over time?

Percent of total Medicare population: NOTE: ADL is activity of daily living. SOURCES: Income and savings data from Urban Institute/Kaiser Family Foundation.

The New Medicare Prescription Drug Benefit: An Overview Prepared by: Michelle Kitchman, M.H.S. Kaiser Family Foundation For the: California Senate Health.

THE COMMONWEALTH FUND Medicare Part D: What Are The Concerns? Stuart Guterman Director, Program on Medicare’s Future The Commonwealth Fund Association.

Return to Tutorials Tricia Neuman, Sc.D. Director, Medicare Policy Project Vice President, Kaiser Family Foundation For KaiserEDU June 2009 Medicare 101:

Chart 1.1: Total National Health Expenditures, 1980 – 2011 (1) Source: Centers for Medicare & Medicaid Services, Office of the Actuary. Data released.

Chartbook 2005 Trends in the Overall Health Care Market Chapter 1: Trends in the Overall Health Care Market.

Ian D. Spatz Merck & Co., Inc. January 14, 2004 Ian D. Spatz Merck & Co., Inc. January 14, 2004 Overview of the New Medicare Prescription Drug Law.

Exhibit 1 NOTES: LIS is Low-Income Subsidy. PDP is prescription drug plan. MA-PD is Medicare Advantage Prescription Drug Plan. Analysis includes non-LIS.

Chart 1.1: Total National Health Expenditures, 1980 – 2013 (1) Source: Centers for Medicare & Medicaid Services, Office of the Actuary. Data released.

Growth in prescription spending had slowed, but increased rapidly in 2014 and 2015 Average annual growth rate of prescription drug spending per capita.

Source: Kaiser Family Foundation analysis of National Health Expenditure (NHE) Historical ( ) data from Centers for Medicare and Medicaid Services,

Peterson-Kaiser Health System Tracker What are the recent and forecasted trends in prescription drug spending?

Trends in the Overall Health Care Market CHAPTER 1.

Dollars in Billions: 219 NHE as a Share of GDP: 17.2% 17.6% 17.7%

Medicare Enrollment, NOTES: Numbers may not sum to total due to rounding. People with disabilities under age 65 were not eligible for Medicare.

Coverage type Percent of population

August 3, 2017 How Do Retiree Health Costs Affect People and Programs?

Growth in prescription spending had slowed, but increased rapidly in 2014 and 2015

2012 NHE Total Expenditures: $2,793.4 billion

Per Enrollee Growth in Medicare Spending and Private Health Insurance Premiums (for Common Benefits), NOTE: Per enrollee includes primary.

Exhibit 1 Medicare Beneficiaries Spending 20 Percent or More of Income on Premiums and Care, by Poverty Level Percent of Medicare beneficiaries Note: FPL.

Issues and Challenges Facing Medicare

Historical and Projected Average Annual Growth Rate in Medicare Spending Per Capita and Other Measures Actual ( ) Projected ( ) 2594, 2956.

Total U.S. prescription drug spending, in $ billions:

Annual Increase in National Health Expenditures and Their Share of Gross Domestic Product, Projected SOURCE: Kaiser Family Foundation calculations.

Annual Increase in National Health Expenditures and Their Share of Gross Domestic Product, SOURCE: Kaiser Family Foundation calculations using.

Total Medicare Beneficiary Deaths, 2014: 2.1 million

2016 Annual Data Report, Vol 2, ESRD, Ch 12

Total Medicare Private Health Plan Enrollment,

MMA, Private Plans, and Competition: Commercial Health Plan Response to MMA November 1, 2005 David F. Ogden, F.S.A. Milliman, Inc.

Web Event: Rx Drugs and the U. S

Percent of Total Health Care Spending

Medicare Enrollment, NOTES: Numbers may not sum to total due to rounding. People with disabilities under age 65 were not eligible for Medicare.

Out-of-pocket costs for Rx drugs are expected to increase, but will likely represent a smaller portion of overall Rx spending Percent of total Rx spending.

The Latest Trends in Income, Assets, and Personal Health Care Spending Among People on Medicare November 2015.

National Health Expenditures per Capita,

Illustrative Health Reform Goals and Tracking Performance

Medicare Part D: What Are The Concerns?

What is behind the recent slowdown in health spending?

NHE Total Expenditures: $2,700.7 billion

Residency Fellowship in Health Policy Fall 2018

Growth in prescription spending had slowed, but increased rapidly in 2014 and 2015

How much is health spending expected to grow?

Tackling Prescription Drug Costs: An Examination of Proposed Medicare Part D Reform Proposals and Alternatives July 19, 2018 John Rother, President & CEO.

Physician/ Clinical Services Other Personal Health Care

Cumulative Percent Change in National Health Expenditures, by Selected Sources of Funds, NOTE: This figure omits national health spending that.

Cumulative Percent Change in National Health Expenditures, by Selected Sources of Funds, NOTE: This figure omits national health spending.

Discussion Topics History of Private Plans in Medicare

Annual Increase in National Health Expenditures and Their Share of Gross Domestic Product, SOURCE: Kaiser Family Foundation calculations.

Medicare Rx Drug Benefit

Presented by Tricia Neuman, Sc.D.

* Most recent employer survey data are from 2015.

How much is health spending expected to grow?

OOP as a Share of Total NHE:

Presentation transcript:

Total U.S. prescription drug spending, in $ billions: Actual Projected Part D begins! Change colors NOTE: Medicaid prescription drug spending accounts for rebates. SOURCE: Kaiser Family Foundation analysis of CMS National Health Expenditure Data for Historical (CY2005-2014) and Projected (CY2015-2024) Retail Prescription Drug Expenditures, 2013-2024.

Total Medicare Spending in 2014 = $613.3 billion Where to put this? Total Medicare Spending in 2014 = $613.3 billion SOURCE: DHHS ASPE Issue Brief, “Medicare Part B Drugs: Pricing and Incentives,” Table 1, March 2016, and 2016 Medicare Trustees Report (Tables III.D3 and V.B1).

Total Part D benefit spending growth rates (average annual growth) Per capita Part D benefit spending growth rates (average annual growth) Actual 2006-2015 Projected 2015-2025 Actual 2006-2015 Projected 2015-2025 SOURCE: Kaiser Family Foundation analysis of data from 2016 Medicare Trustees Report (Table III.D4).

Spending on Hepatitis C drugs, in $ millions: http://hosted.ap.org/dynamic/stories/U/US_MEDICARE_HEPATITIS_DRUGS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT SOURCE: Senate Finance Committee report, Appendix C, November 2015.

Projected average annual growth in Medicare per beneficiary spending for Parts A, B, and D between 2015-2025 Average Medicare per beneficiary spending: 2015 2025 $5,019 $5,522 $2,203 $6,901 $8,642 $3,861 SOURCE: 2016 Medicare Trustees Report (Table V.D1).

Average Total Out-of-Pocket Spending on Services in 2011: $2,763 Prescription drugs as a share of beneficiary out-of-pocket spending: Average Total Out-of-Pocket Spending on Services in 2011: $2,763 NOTE: Analysis excludes beneficiaries enrolled in Medicare Advantage plans. SOURCE: Kaiser Family Foundation analysis of the Medicare Current Beneficiary Survey 2011 Cost & Use file.

Annual Part D deductible Past and projected Medicare Part D premiums and deductibles: Annual Part D premium WE ARE HERE Annual Part D deductible SOURCE: 2016 Medicare Trustees Report (Table V.E2).

Share of total drug costs beneficiaries pay in the coverage gap as the “doughnut hole” closes: SOURCE: Kaiser Family Foundation illustration of data from the Centers for Medicare & Medicaid Services.

Median on-formulary out-of-pocket costs in 2016: $6,516 Hepatitis C $6,516 Up to catastrophic coverage phase $6,608 In catastrophic coverage phase $7,153 Multiple Sclerosis $5,979 $6,235 $6,448 Rheumatoid Arthritis $4,413 $4,864 $4,872 Cancer $7,227 $8,503 $11,538 NOTE: Analysis includes 20 national and near-national stand-alone prescription drug plans in Baltimore, MD (zip code 21201) and reflects pricing at a Rite Aid pharmacy in this zip code. SOURCE: Georgetown/Kaiser Family Foundation analysis of 2016 Medicare Plan Finder data.

Percent who say they favor each of the following: NOTE: Items asked of half sample. SOURCE: Kaiser Family Foundation Health Tracking Poll (conducted August 6-11, 2015).