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Report: Region has lowest Medicare spending nationally

Rochester Business Journal
July 30, 2013

The Rochester region has lowest monthly Medicare spending of 306 markets surveyed, a July 29 Institute of Medicine report found.

Rochester’s total monthly Medicare spending falls $174 under the national mean, while its spending for acute care is $43 less, the report states. Post-acute care spending in this region is $79 less than the national mean.

Other Upstate New York regions also have relatively low rates of Medicare spending, the researchers found. At $166 less than the national median, Buffalo had the fourth lowest monthly Medicare costs. Syracuse ranked 19th lowest with Medicare spending falling $131 under the national mean.

“The IOM report confirms that consumers in Upstate New York get great value for their health care dollars,” Excellus BlueCross BlueShield CEO Christopher Booth said. “Our collaborative, communitywide approach to providing health care and our region’s reliance on non-profit health insurers and hospitals gives consumers and employers who buy health insurance the greatest value for their money.”

Florida, Texas and Louisiana dominated the high end of the Medicare spending spectrum. Miami, which ranked last, has monthly Medicare spending $435 higher than the national mean, the report states.

“Health care in the United States is more expensive than in other developed countries, costing $2.7 trillion in 2011, or 17.9 percent of the national gross domestic product. Increasing costs strain budgets at all levels of government and threaten the solvency of Medicare,” the IOM researchers concluded.   

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 


 


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