According to the Medicare Payment Advisory Commission, slow price inflation has also contributed to lower hospital cost growth in the past three years.
Here are 20 statistics from MedPAC’s annual report on Medicare hospital cost growth between 2007 and 2011. Note: MedPAC did not adjust figures for reported changes in case mix.
Inpatient cost growth per admission
2007: 4.3 percent
2008: 5.5 percent
2009: 2.9 percent
2010: 2.0 percent
2011: 2.8 percent
Outpatient cost growth per service
2007: 5.6 percent
2008: 5.1 percent
2009: 4.8 percent
2010: 0.1 percent*
2011: 2.7 percent
*Outpatient cost growth in 2010 was 1.7 percent if MedPAC adjusted for the complexity of services provided.
Weighted average
2007: 4.5 percent
2008: 5.4 percent
2009: 3.3 percent
2010: 1.6 percent
2011: 2.8 percent
Input price inflation
2007: 3.4 percent
2008: 4.3 percent
2009: 2.6 percent
2010: 2.1 percent
2011: 2.6 percent
More Articles on Hospitals and Medicare:
18 Statistics on Medicare Payments for Hospital Inpatients, Outpatients
MedPAC: Hospitals Must Have Pressure to Contain Costs
CMS Revises Hospitals’ Readmission Penalties for the Second Time
