Data Analytics: The Prescription for High Health Care Costs
Ask anyone today and you’ll hear that health care costs are astronomically high. National health care expenditures nearly doubled from 2000 to 2011, from $1,377.2 billion to $2,700.7 billion, and they continue to climb. Numerous factors are likely responsible for the growth, including rising hospital, provider and medical technology prices; an expansion of Americans affected by chronic diseases like obesity and diabetes; and the climbing costs associated with an aging population.
Escalating health care costs have both direct and indirect effects on federal finances. Though agencies may not be able to affect the price of care themselves, steps can be taken to ensure that dishonest activity does not add to already inflated costs. With the uncertainty associated with the Affordable Care Act, curbing unnecessary spending is a top priority.
Download this Government Business Council issue brief to learn:
- What rising health care costs mean for government finances
- How Medicare and Medicaid fraud pushes health care costs even higher
- What federal agencies can do to curb fraudulent activity
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