Skip to content
Subscriber Only

Medicare Spending Slows as Hospitals Improve Care: Peter Orszag

Aug. 24 (Bloomberg) -- And now for some good news: Medicare spending growth has been slowing noticeably. So far this fiscal year, expenditures have actually declined slightly, according to the Congressional Budget Office.

Part of the decline this year reflects timing shifts in certain Medicare payments, which will soon be reversed. Even adjusting for these shifts, though, Medicare spending is still up less than 4 percent so far this year.