ICD10monitor June 17, 2024
Average annual growth in national health spending over the next decade is projected to be 5.6 percent, outpacing projected overall GDP.
The developed nation that spends far more on healthcare per capita than any other, worldwide, is about to spend even more.
That was the key takeaway from the Centers for Medicare & Medicaid Services (CMS) Office of the Actuary’s projections of National Health Expenditures (NHE) and health insurance enrollment for 2023-2032.
Specifically, the Office said in an announcement last week, average annual growth in NHE is expected to be 5.6 percent, outpacing average annual growth in gross domestic product (GDP) (4.3 percent), resulting in an increase in the health spending share of GDP from 17.3 percent in 2022 to...
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