CMS: Healthcare costs soaring
WASHINGTON - Healthcare spending in the United States is projected to reach $2.8 trillion in 2011, up from $1.3 trillion in 2000, according to a report by the CMS.
The CMS report, published in the journal Health Affairs, projects that for the entire 2001-2011 period, health spending is expected to grow at an average annual rate of 7.3%. As a percentage of Gross Domestic Product (GDP), health care spending is expected to reach 17% in 2011, up from 13.2% in 2000. HME