One of the foremost concerns in health care policy today is the rising costs of care. Acumen works on several projects that aim to develop and evaluate payment policy reforms with the ultimate goal of lowering health care costs. As a first step for this kind of work, we must understand the drivers of rising health care costs.
In this exercise, you will use historical Medicare data to analyze trends in the costs of inpatient hospitalizations over time. You have been provided with an excerpt from the 2013 Medicare and Medicaid Statistical Supplement to use as a primary resource. No additional references are required; however, some basic background research may help in interpreting this data. Do not worry about adjusting for inflation.
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