Politics

What Reduces Health Care Spending By $600,000,000,000 and the Deficit By $400,000,000,000 In Just Ten Years?

By Karina

A new report released today by the Commonwealth Fund and the Center for American Progress finds the Affordable Care Act signed into law in March will:

Reduce health care spending by nearly $600 billion and lower the annual growth rate in national health expenditures from 6.3 percent to 5.7 percent during the first 10 years

Save the typical American family nearly $2,000 on annual health care premiums by 2019

Reduce the federal budget deficit by up to $400 billion over the first 10 years

Reduce the annual growth rate in Medicare expenditures from 6.8 percent to 4.9 percent

The Affordable Care Act will help ensure that all Americans have access to quality, affordable health care and significantly reduce long-term health care costs. Congressional Republicans calling for the repeal of this critical legislation would return American workers, their families and small businesses to a system with skyrocketing costs.

Learn more about what’s in the Affordable Care Act for you»

Full post as published by The Gavel on May 21, 2010 (boomark / email).