The Slowdown in Medicare Spending Growth: Working Paper 2006-08

Chapin White

No 18017, Working Papers from Congressional Budget Office

Abstract: The rate of so-called "excess" growth in Medicare spending per beneficiary has varied widely over the last several decades, and growth has slowed substantially in recent years. (Excess growth is defined as growth beyond the combination of the general rate of economic growth and the rate of change in the age composition among beneficiaries.) The annual rate of excess growth fell from 5.5 percent over the period from 1975 to 1983 to 0.9 percent over the period from 1992 to 2003. Changes in provider payment policies might help explain the observed slowdown. Those

Date: 2006-07-31
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