July 13, 2016
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health spending growth is estimated to have been 5.5 percent
in 2015. By 2016, slower growth in health spending of 4.8 percent is
projected as the enrollment in Medicaid and Marketplace plans slows and
the associated declines in the number of the uninsured decreases.
Total annual health care spending growth is expected to average 5.8
percent over 2015-2025.
2015, medical price inflation slowed to 0.8 percent, down from
1.4 percent in 2014.
Hospital prices increased by 0.9 percent while price growth in physician
services fell by 1.1 percent.
share of health expenses
that Americans pay out-of-pocket is projected to decline from
10.9 percent in 2014 to 9.9 percent in 2025.
- The insured share of the population is expected to continue to rise from
89 percent in 2014 to 92 percent by 2025.
health insurance expenditures are estimated to have increased by 5.1 percent from 2014
to 2015, reaching $1.0 trillion. Thereafter, average annual growth through
2025 is expected to be similar (5.4 percent).
spending growth is slowing significantly in 2016, to 5.3 percent,
which the report attributes to slower enrollment growth and stronger utilization
management. Spending growth is expected to average 5.6 percent for
2017-19, lower than in 2014-15.
2015, Medicare expenditures are expected to have been $647.3
billion, a 4.6-percent increase from 2014, driven partly by increased
enrollment. However, per-enrollee costs are estimated to have increased by
only 2.4 percent, the same as the previous year, continuing the recent
trend of low per-enrollee cost increases.
- Prescription drug spending is projected to grow an average of 6.7 percent per year for 2016 through 2025. This follows growth of 12.2 percent in 2014 and 8.1 percent in 2015 when spending growth was influenced by the introduction of expensive new specialty drugs such as those used to treat Hepatitis C.