Healthcare Innovation March 16, 2023
MedPAC has published its annual report to Congress, noting an explosion in costs coming in the next decade because of the aging of the population, and making a variety of payment recommendations
As required by the U.S. Congress, MedPAC, the Medicare Payment Advisory Commission, on March 15 published its annual report to Congress on Medicare payment. The MedPAC commissioners see a significant increase in healthcare inflation emerging in the Medicare program over the next several years, with the Medicare program more than doubling in annual cost (105.7 percent) from 2021 to 2031, driven by an explosion in the number of Baby Boomers qualifying for Medicare in the next decade, and by accelerating inflation overall.
As the report’s executive summary notes,...