Medicare reimbursement rates could reduce private healthcare spending by over 40% in 2021
KFF 3/1/2021
Total spending for the approximately 173 million people under age 65 with private health insurance in our analysis is projected to reach $859 billion in 2021. At Medicare rates, total spending instead would be $507 billion (Figure 1). That $352 billion difference represents a 41% decrease in spending on care for people with private health insurance.
