While Medicare spending varies widely across the U.S. because of how physicians spend in different areas of the country, California has experienced one of the lowest overall Medicare cost increases over the past 15 years, says MedicareSupplementPlans.com.
Los Angeles, CA (Vocus) July 20, 2009 -- Some good news for California seniors: Medicare spending increased, on average, less than 3 percent per year in the state from 1992 to 2006, according to The New England Journal of Medicine. That's one of the lowest increases during that period compared to higher increases in states such as Florida, which averaged around 5 percent per year.
These inconsistencies in Medicare spending throughout the country highlight the need for comprehensive health care reform, according to Alan Weinstock, an insurance broker at www.MedicareSupplementPlans.com. He believes one of the most effective reforms would be to reward doctors for providing better care by allowing them to share in the cost savings they generate when they keep patients out of the hospital.
"Seniors have enough to worry about without seeing their Medicare costs skyrocket even further," says Weinstock. To save money, he refers those 65 and older to his Web site, MedicareSupplementPlans.com, which specializes in Medicare supplement insurance, also known as Medigap insurance. There, seniors can compare the best Medicare supplement rates as well as access insurance plan brochures and applications.
Items such as hospital beds and sophisticated medical equipment appear to be the primary reason Medicare spending varies greatly in different regions of the country. According to the journal report, by looking at health care spending in different regions it is possible to learn where growth rates have been slowest and learn how to build new delivery and payment systems. That means high-growth, high-cost sections of the country need to emulate their low-growth, low-cost counterparts.
With such health care reform likely to come slowly, however, having the right kind of information at their fingertips, such as via Weinstock's Web site, means seniors can rest assured that they are making the right choice when it comes to their decisions about Medicare supplement insurance.
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