In the marketplace coverage every day through special Enrollment Periods. This is the most recent count of people who have coverage throughout the marketplace. Each month this number will change slightly as consumers transition in and out of coverage, as their life circumstances change. Everything from getting a new job to moving to a new state or becoming eligible for medicaid or medicare. Theres also good news about medicare. Spending for Medicare Beneficiary is growing slower. Than the overall economy. The Medicare Trustees recently projected that the trust fund that finances medicares Hospital Insurance coverage will remain solvent until 2030. Four years beyond what was projected just one year ago. We strife to make Health Care Safer and better. In the last five years weve seen a 9 reduction in harm in hospitals such as decreased Health Care Associated infections. This represents over 500,000 injuries and sections and adverse events avoided. Over 15,000 lives saved and approximatel
Titan, you can get a quick refresher on this. The polio vaccine was discovered in pittsburgh. Much of organ transplant technology happened there. We are and have evolved into a medical, technical mecca. Carnegie mellon is there. We have through westinghouse and others the threequarters of the Nuclear Technology in this company. I havent seen begun to talk about the steelers, the pirates and the penguins. You need to understand that this story can be told about any city in the country. But this was the story that was moving me in pittsburgh. Because as a resident of pittsburgh and as a person from western pennsylvania, i have seen directly as we have responded to the challenges as we changed ourself from a rust belt city to an industrial company. And what a factor cyber intrusions was to us. And it wasnt about us and law academics who work on this problem or the judiciary or the private sector partners or the Great Companies who have forged this new frontier in the internet like google
Some individuals with both medical and dental coverage were counted twice in the individual affected enrollment numbers. Moving forward, only individuals with medical coverage will be included in our individually affected enrollment numbers. We are now providing weekly snapshots of the 2015 marketplace data, including the number of consumers who have submitted an application, contact kd the caed the call ce visited the website. We have also created a in new data office and have named our first chief data officer. This new office will help cms strengthen its processes and more broadly will help cms better harness and use our vast data resources to provide better care at a lower cost. While this mistake was regrettable, it should not obscure the fact that the afford and care act is working. We have 6. 7 million americans enrolled in Health Care Coverage and paying their premiums as of october 15th and the number of uninsured adult americans is down 26 . Since the beginning of the open En
Official,n elected nor am i a political advisor. I am a economist. The recent response to my exceeds about their relevance and role in health care reform. I will have to live with that. Aca is a milestone accomplishment for our nation that has already provided millions of americans with Health Insurance. We are embarking on a Second Period there will allow them to select the best Insurance Plan that works for them. Can gothat our country past the distraction of my comments and focus on the enormous opportunities. Thank you. Mr. Goldman. I am one of them million from staggering expense of Health Insurance. These reforms have helped ensure that Many Americans will not be burdened by crippling debt. I hope that my words today serve as a reminder of why the aca has measurably improved the life of individuals and families. Outside of boston. Oston i had the freedom to switch careers. I experience love and heartbreak. Watchedame time, i friends become burdened and forgo access. Im now 33. I
The specific reasons for these trends will be explained in slides to follow. Regarding the Affordable Care act, all provisions that have become effective since enactment in 2010 are included in our Health Spending estimates because they are reflected in our data that measure total revenues. While our Historical Data cannot parse out the spending that wpj directly the result of the a. C. A. , the projections model show there was minimal impact from the Affordable Care act on aggravate National Health through 2012. Within specific services and payers, we can identify some of the provisions that affected spending for those sectors. However, even within the specific sectors, the impacts were very small and in some sectors, the impacts were offsetting. For example, for private Health Insurance, programs that expanded coverage added to spending while the minimum medical loss ratio had a slight reducing effect. For medicare, a notable fact on spending was from reductions to medicare Payment U