Here's some of the data he cited:

The Bureau of Labor Statistics' Employer Costs for Employee Compensation survey indicate that for private sector employers offering health insurance, the annualized growth rate of real (inflation-adjusted) costs for workers' health insurance has slowed from 2.2 percent a year from 2006:Q4 to 2009:Q4 to 1.8 percent a year from 2009:Q4 to 2012:Q4, with a particularly marked slowdown occurring at smaller establishments. For establishments with fewer than 50 employees, employers' real costs for workers' health insurance grew just 1 percent a year from 2009:Q4 to 2012:Q4, half the rate observed over the preceding three years.
During the past several years, the Congressional Budget Office reports that it "has made a series of downward adjustments to its projections of spending for Medicaid and Medicare." For example, "mostly reflecting the slower growth in the programs' spending in recent years," CBO now expects combined spending on the two programs to be about $200 billion lower in 2020 than what it forecast three years ago.
From 2009 to 2011, nationwide real per capita health expenditures grew at the slowest pace since reporting began in 1960.
In 2012, premium growth for employer-sponsored insurance was at its lowest rate (3 percent) since the Medical Expenditure Panel Survey started in 1996.

"In 13 states that have publicly reported premiums for 2014, the average of the lowest-cost plan is nearly 20 percent below projections based on CBO premiums," Krueger intoned, citing data that has been previously reported on BenefitsPro.com. "This includes New York State, which recently announced that health insurance rates in 2014 will be at least 50 percent lower, on average, than the plans currently available in the state. These substantially more affordable plans will soon be available through the new Health Insurance Marketplace established by the Affordable Care Act.

Instant Insights /

White House popping PPACA champagne corks?

More From HR Executive

Related Stories

Recommended For You