Change in Average Annual Family Health Spending Under Path Proposal Compared with Projected Without Reforms: Average Savings per Family Average Savings.

Slides:



Advertisements
Similar presentations
THE COMMONWEALTH FUND You Cant Have One Without the Other: Bending the Healthcare Cost Curve & Financing Health Reform Rachel Nuzum Senior Policy Director,
Advertisements

Exhibit 1. National Health Expenditures per Capita, 1980–2007
Exhibit ES-1. Total National Health Expenditures (NHE), 2009–2020 Current Projection and Alternative Scenarios NHE in trillions Cumulative reduction in.
THE COMMONWEALTH FUND 1 Benefit Design for Public Health Insurance Plan Offered in Insurance Exchange Current Medicare benefits* New Public Health Insurance.
1 Notes: * CMS projection as of February 2009 assuming no reform; ** CMS projection as of September 2010 after enactment of reform; *** CMS projection.
Exhibit 1. Estimated Source of Insurance Coverage, 2014 Note: The number of uninsured in 2014 was calculated using CPS estimates for 2013 minus an estimated.
The Future of Medicare: Democratic and Republican Proposals.
59%23% 4% Figure 1. Distribution of Health Insurance Coverage, New York State, 2004– million people Note: Data include all persons below age 65.
Policy Assembly Federal Report The Hon Peter Costello MP Treasurer 13th June 2003.
THE COMMONWEALTH FUND Driving Competition, Efficiencies and Innovative Practices Throughout the Health Care System: A Public Health Insurance Plan Karen.
THE COMMONWEALTH FUND THE COMMONWEALTH FUND Realizing Health Reform’s Potential: Small Businesses and the Affordable Care Act of 2010 Sara R. Collins,
Trends in Higher Education Series Trends in Higher Education Series 2005, October 18, Ten-Year Trend in Funds Used.
Comparison of Major Health Care Reform Proposals BushKerry Aims to Cover All Americans X Tax Credits for Premiums XX Automatic Enrollment/ Individual Mandate.
Exhibit 1. “Medicare Extra” Benefits vs. Current Medicare Benefits Current Medicare benefits*“Medicare Extra” Deductible Hospital: $1024/benefit period.
THE COMMONWEALTH FUND The 2009 Congressional Health Reform Bills: Insurance Coverage Sara R. Collins, Ph.D., Vice President Rachel Nuzum, M.P.H., Senior.
The Tax Expenditure for Health: Update for 2007 John Sheils April 29, 2008.
September 22, 2011 Michael Cassidy, President and CEO The Commonwealth Institute for Fiscal Analysis.
CENTERS for MEDICARE & MEDICAID SERVICES Tom Scully CMS Administrator.
State & Federal Approaches to Health Reform: What works for the working poor? June 9, 2008 Ellen Meara Meredith Rosenthal Anna Sinaiko Katherine Baicker.
State Trends in Premiums and Deductibles, : Eroding Protection and Rising Costs Underscore Need for Action Cathy Schoen Senior Vice President.
THE COMMONWEALTH FUND Exhibit 1. Employer Coverage Continues to Be Major Source of Coverage for Employees of Larger Firms Percent of firms offering health.
THE COMMONWEALTH FUND An Ambitious Agenda for the Next President
Patterns of Household Expenditure. ArnoldBlackCowanDavisEdwards Annual Income15,00030,00045,00060,00075,000 Necessities15,00025,00032,00036,00040,000.
Economic Growth How does a country measure economic growth? 1.
Medicare Path to Sustainability J.D. Foster Heritage Foundation July 23, 2009.
Moving mainstream: CDHP plans gain ground.
Path to a High Performance U. S
Savings under NHI: Non-Healthcare Costs
The Health Insurance Provisions of the 2009 Congressional Health Reform Bills: Coverage, Affordability and Costs Sara Collins, Ph.D. Vice President The.
Presenting on behalf of the author team
Combined Employee Premium Contribution and Deductible as a Share of Median Family Income Average employee share of premium plus average deductible as percent.
Impact of Clinton’s Proposed Reforms on Total Out-of-Pocket Health Care Spending of Insured People, by Income, 2018 ACA Add cost-sharing tax credit Reduce.
Employee premium contribution
Share of median income (%)
Current Medicare benefits* New Public Plan in Exchange
Savings under NHI: Non-Healthcare Costs
Moving mainstream: CDHP plans gain ground.
Exhibit 7.19 Among Covered Workers With a Separate Per Person General Annual Health Plan Deductible for Family Coverage and a Per Person Limit, Distribution.
Exhibit 7.24 Among Covered Workers with a Separate Per Person General Annual Health Plan Deductible for Family Coverage and a Per Person Limit, Distribution.
Sales across state lines
How to Spend Retirement Money. Total Your Annual Housing Costs.
Moving mainstream: CDHP plans gain ground.
Projected Medicare Spending in 2020 $150 Billion Lower Than Pre-Reform Predictions Cumulative Reduction of $750 Billion over 2011–2020 −13.9% Notes: *
Net Impact of Insurance Exchange Options on Federal Budget and National Health Expenditures, 2010–2020   Option 1 Public Plan at Medicare Rates Option.
Private Health Insurance Deductibles: State Averages by Firm Size and Household Type, 2003, 2010, and Average annual growth 2003–10.
NHE in trillions 6.7% annual growth $5.2 $4.6 $ % annual growth
Current Medicare Benefits*
Women in Switzerland and the U.S. Report Very High Out-of-Pocket Costs
State & Local Governments
Public Plan at Medicare Rates Public Plan at Intermediate Rates
Projected Growth, Current Policy Revenue Growth with Path Policies
Cathy Schoen Senior Vice President The Commonwealth Fund
New Coverage for 45 Million Uninsured 12m 19m 13m <1m
Public Plan at Medicare Rates Public Plan at Intermediate Rates
Employers Remain Primary Sponsor of Coverage Under Three Reform Scenarios Distribution of 307 Million People by Primary Source of Coverage Current Law.
Estimated Annual Premiums Under Different Scenarios, 2010
President Bush’s Health Plan
Impact of Synergistic Strategy on Projected Annual Hospital and Physician Spending, 2013–2023 Spending in $ billions Projected growth of hospital spending,
State of Minnesota Dependent Audit
Major Sources of Savings Compared with Projected Spending, Net Cumulative Reduction of National Health Expenditures, 2010–2020 Dollars in billions Public.
Major Sources of Savings Compared with Projected Spending, Net Cumulative Reduction of National Health Expenditures, 2010–2020 Affordable Coverage for.
Credit per employee $9,435—projected family premium 50% employer
Trend in the Number of Uninsured, 2009–2020, Under Current Law and with Insurance Reforms and Exchange Millions Note: Assumes insurance exchange opens.
Net savings in $ billions 2013– –2023 Total 2013–2023
Path Framework, All Firms (2014)
Estimated Premiums for New Public Plan Compared with Average Current Premiums, Individual/Small Employer Private Market, 2010 Average annual premium.
Exhibit 7.16 Among Covered Workers With a Separate per Person General Annual Health Plan Deductible for Family Coverage, Distribution of Maximum Number.
with Intermediate Rates
Exhibit 7.19 Among Covered Workers With a Separate per Person General Annual Health Plan Deductible for Family Coverage, Distribution of Maximum Number.
Uninsured young adults ages 19–29 Federal Poverty Level Percent
Presentation transcript:

Change in Average Annual Family Health Spending Under Path Proposal Compared with Projected Without Reforms: Average Savings per Family Average Savings per Family 2010, if Fully Phased Average Savings per Family 2020* Individuals and Small Firms Eligible for Exchange All Firms Eligible for Exchange All Firms Eligible for Exchange All Families –$855 –$1,140 –$2,314 Under $10,000 –$751 –$762 –$1,547 $10,000–$19,999 –$860 –$915 –$1,857 $20,000–$29,999 –$926 –$1,036 –$2,103 $30,000–$39,999 –$904 –$1,085 –$2,202 $40,000–$49,999 –$1,014 –$1,261 –$2,559 $50,000–$74,999 –$858 –$1,195 –$2,426 $75,000–$99,999 –$802 –$1,287 –$2,612 $100,000–$149,999 –$739 –$1,293 –$2,624 $150,000 and higher –$869 –$1,459 –$2,961 Note: Family income in 2010 dollars. By 2020, total household savings would reach an estimated $342 billion. The estimated savings per family in 2020 use the same family distribution as in 2010 and adjust for population growth. Data: Estimates by The Lewin Group for The Commonwealth Fund. Source: The Path to a High Performance U.S. Health System: A 2020 Vision and the Policies to Pave the Way, February 2009.