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PPACA effect tied to lower medical cost estimates

Estimates of U.S. health care spending for the next five years have been lowered by two federal agencies, and the Patient Protection and Affordable Care Act is getting much of the credit.

By Caroline Chen, Ian Katz | Updated on September 05, 2014
U.S. President Barack Obama. (AP Photo/Jon Super)

Sept. 5 (Bloomberg) — Estimates of U.S. health care spending for the next five years have been lowered by two federal agencies, and the Patient Protection and Affordable Care Act is getting much of the credit.

U.S. health spending in 2019 will be $4 trillion, the Centers for Medicare and Medicaid Services said this week, or $500 billion less than the agency projected in 2010 when President Barack Obama’s health care overhaul became law. That announcement followed by a week a report from the Congressional Budget Office lowering its five-year cost estimates.

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