January 9, 2007

...AND CHEAPER...:

Health care spending growth in U.S. is the slowest in 6 years (The Associated Press, January 9, 2007)

The slower growth in drug spending in 2005 had nothing to do with the new Medicare benefit, which did not come into effect until 2006. However, the slower growth in drug spending should help lower the cost of the program, which was implemented using the higher projections for the coming decade.

Meanwhile, the growth in spending on hospital care was comparable in 2005 to previous years -- about 7.9 percent. The growth rate is greatly influenced by labor costs. During the past five years, the pay and benefits provided hospital workers increased 8.2 percent annually, which is about the same as the increase in overall hospital spending.

"This continued increase in labor costs was driven in part by a sustained shortage of hospital workers," said government economists who wrote about the spending patterns in a health journal article released Tuesday.


Imagine all the additional immigrants we'll import to work in health care?

Posted by Orrin Judd at January 9, 2007 9:32 AM
Comments

While you may find someone to change your bedpan, post-9/11 INS rules will stop you from getting many more surgeons or RNs other skilled immigrants.

Posted by: Gideon at January 9, 2007 1:04 PM

"The growth rate is greatly influenced by labor costs." Imagine what will happen to the "exploited" workers that the Dems want to help when they "clamp" down health care costs.

Posted by: ic at January 9, 2007 1:17 PM
« THAT'S NOT PAKISTAN: | Main | PARTISAN MODERATION: »