News

What Would 2014 Look Like if Obamacare Never Happened?


Posted in Medical Device Business by Jamie Hartford on January 7, 2014

A look at how this year might have been different if President Obama's healthcare reform law hadn't been passed.  


This year is poised to be a pivotal one for the Affordable Care Act, with key provisions, including coverage under health insurance exchanges, coverage for preexisting conditions, and a penalty for not obtaining health insurance, set to take effect. As a result, CMS expects 22 million formerly uninsured people will gain coverage under the law.

Prepare for the challenges that lie ahead for the medical device industry by attending the MD&M West conference and exposition in Anaheim, CA, February 10–13, 2014.

Proponents argue Obamacare will ultimately help reduce healthcare spending, but in the short term, at least, it’s expected to accelerate. CMS predicts national health spending this year will grow 2.1 percentage points faster thanks to healthcare reform.

Here’s a look at how 2014 might have been different if the legislation hadn’t been passed:

(click to enlarge)

 

Source: CMS, with calculations by MD+DI

Prepare for the challenges that lie ahead for the medical device industry by attending the MD&M West conference and exposition in Anaheim, CA, February 10–13, 2014.

Jamie Hartford, managing editor, MD+DI
jamie.hartford@ubm.com


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