Fierce Healthcare September 6, 2023
Research shows that Medicare spending has leveled off for the past decade, morphing from something that experts worried might break the federal budget to an unexpected bright spot.
The New York Times spotlighted this trend in an article this week, digging into a 2019 Health Affairs study co-authored by David M. Cutler, Ph.D., an economist at Harvard University and one of the main architects of the Affordable Care Act (ACA).
“When we first wrote about the spending slowdown, there was a lot of debate about whether it was temporary—due perhaps to the Great Recession. We didn’t think so, but it wasn’t a crazy line of thought,” Cutler told Fierce Healthcare in an interview.
Cutler said that theory...