Wednesday, September 10, 2014

National Health Expenditure Projections 2013-2023 Forecast Summary


According to recent projections by Centers for Medicare & Medicaid Services:

  • 2013-2023 Health spending projected to grow at an average rate of 5.7%.
  • 2013 Health spending growth remained slow at 3.6%.
  • 2014 Expected health spending growth is 5.6%.
  • 2015-2023 Average annual projected growth will be 6.0%.
  • 2023 Health expenditures financed by federal, state, local governments projected to be 48%.
  • 2012 Health expenditures financed by federal, state, local governments was 44%.
  • 2023 Health spending projected to be 19.3% of Gross Domestic Product.
  • 2012 Health spending was17.2% of Gross Domestic Product.
Source: NHE Projections 2013-2023 - Forecast Summary
CMS, September 2014

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