Medicare costs are dropping

This 2014 chart from The New York Times shows that, thanks to the Affordable Care Act, projected Medicare costs are dropping significantly.  According to the NYT, “the reduced estimates mean that the federal government’s long-term budget deficit is considerably less severe than commonly thought just a few years ago.” In 2014 dollars, average costs per individual with Medicare is down to $11,300 from a Congressional Budget Office projection of $12,700.

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