Limiting Private Insurance Reimbursement to Medicare Rates Would Reduce Private Health Spending by About 43% in 2021
KFF 3/1/21 Karyn Schwartz , Jeannie Fuglesten Biniek Follow @jeanniebin on Twitter , Matthew Rae Follow @matthew_t_rae on Twitter , Tricia Neuman Follow @tricia_neuman on Twitter , and Larry Levitt Follow @larry_levitt on Twitter
Of the 173 million people in our analysis with private insurance, 154 million have employer-sponsored coverage and spending on their care totals $757 billion (table 1 and appendix table 1). The remaining 19 million with private coverage are covered in the non-group market. Total spending for that group is about $102 billion in 2021. Full results are in the appendix.
