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