Healthcare Finance News December 16, 2021
The uninsured rate dropped slightly as enrollment increases in Medicaid and the ACA offset losses in employer-sponsored coverage.
Federal spending on healthcare increased 36% in 2020 in response to the COVID-19 pandemic. This compares to growth of 5.9% 2019.
The acceleration was largely driven by Provider Relief Fund and Paycheck Protection Program loans, increased spending for federal public health activity and growth in the federal portion of Medicaid payments, according to the 2020 National Health Expenditures Report, prepared by the Office of the Actuary at the Centers for Medicare and Medicaid Services.
Hospitals and other providers received $122 billion in Provider Relief Funds to help ease revenue losses. The Paycheck Protection Program added $53 billion to federal spending and...
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