Print Friendly and PDF

Families to Pay $7,450 More Over the Next Ten Years? We Doubt It

Forbes blog post on September 23 asserted that the Affordable Care Act (ACA) will cost the average American family of four an additional $7,450 from 2014 through 2022.  The estimate was derived by dividing Medicare actuaries’ estimated health care expenditures each year by the projected population and then multiplying by four.

The assertion created a lively online debate about math, motives, and assumptions.  Regardless of the merits of the arguments on either side, powerful counterweights to increased health care costs and spending are gathering momentum, and they go well beyond a sluggish national economy.

Already, many initiatives are underway to change the way health care is purchased and what it pays for.  Locally, Blue Cross Blue Shield of Michigan is ramping up the Physician Group Incentive Program and Organized Systems of Care, which promote evidence-based population management through Patient Centered Medical Homes.  There are many other initiatives underway throughout the nation.  Catalyst for Payment Reform is tracking them as best it can. And the federal government, the nation’s largest health care purchaser, is experimenting with several approaches. Add those initiatives to more out-of-pocket responsibility for the average consumer and new ways of doing things.