Thursday, March 2, 2017

National Health Spending Was $3.4 Trillion in 2016

The Centers for Medicare & Medicaid Services recently released a study on national healthcare expenditure projections. Here are some key findings from the report:

Health expenditure growth is expected to average 5.6% annually through 2025.
Health spending is projected to outpace GDP growth by 1.2 percentage points.
The health spending share of GDP will rise from 17.8% in 2015 to 19.9% in 2025.
For 2016, total health spending is projected to have reached $3.4 trillion.
By 2025, governments are projected to finance 47% of national health spending.
Medicare spending growth is expected to average 7.1% from 2016-2025.

Source: CMS, February 15, 2017

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