Healthcare spending sees big downward trend

The Centers for Medicare & Medicaid Services (CMS) will likely spend $2.5 trillion less in public and private healthcare between 2014 and 2019 than previously thought, according to a new study from the Urban Institute. Five years ago the agency projected it would spend $23 trillion between 2010 and 2019, but CMS has dropped the figure to $21 trillion. "Over the 2014-2019 period, Medicare spending is now expected to be lower by $384 billion, Medicaid by $927 billion, and private health insurance expenditures by $688 billion compared to the September 2010 ACA baseline," the report said. Read the full article at FierceHealthFinance