Tag: National health expenditures
Health expenditures set to grow
June 19, 2023HME News Staff
WASHINGTON – National health expenditures will grow 5.4%, on average, over the course of 2022-31 and will account for about 20% of the economy by the end of that period, according to the latest projections* by the Office of the Actuary at CMS.
National health expenditures are projected to have grown 4.3% in 2022, slower than nominal gross domestic product (GDP) growth of 9.2%, leading to a decrease in the projected health spending share of GDP from 18.3% in 2021 to 17.4% in 2022, according...
Pandemic slowed health spending, CMS says
March 29, 2022HME News Staff
WASHINGTON – The growth in national health spending is estimated to have slowed to 4.2% in 2021, down from 9.7% in 2020, despite increased demand for patient care, according to CMS’s 2021-2030 National Health Expenditures Report.
The annual growth in national health spending is expected to average 5.1% over 2021-30 and to reach nearly $6.8 trillion by 2030, the report states.
Additionally, the health share of the nation’s gross domestic product (GDP) is expected...
CMS releases nat'l health expenditures for 2015
December 6, 2016HME News Staff
WASHINGTON - Per-capita healthcare spending grew by 5% and overall healthcare spending grew by 5.8% in 2015, according to a recent study by the Office of the Actuary at CMS.Those rates continue to be below the rates of most years prior to the passage of the Affordable Care Act.“Even as millions of people gained coverage, per-enrollee spending growth in private health insurance and Medicare continue to be well below the average in the decade before passage of the Affordable Care Act,”...