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Wednesday, October 16, 2013
NEWS INSIGHT
According to recent estimates from the Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS):
• Health spending growth is projected to be 6.1% for 2014, with an average projected growth of 6.2 % per year after that
• Over the 2012–22 period, national health spending is projected to grow at an average rate of 5.8% per year
• By 2022 health spending financed by federal, state, and local governments is projected to account for 49% of national health spending and to reach a total of $2.4 trillion.
Source: "National Health Expenditure Projections, 2012–22: Slow Growth Until Coverage Expands And Economy Improves," Health Affairs, abstract only, September 2013, http://content.healthaffairs.org/content/early/2013/09/13/hlthaff.2013.0721
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