Advisory Board April 3, 2020
National health care spending in the United States is expected to grow at an average annual rate of 5.4% from 2019 to 2028, outpacing the gross domestic product’s (GDP) average annual growth rate of 4.3%, according to preliminary projections from CMS’ Office of the Actuary published last week in Health Affairs.
The report’s projections do not account for the new coronavirus epidemic.
Spending growth details for 2020 and beyond
CMS in the report estimated that national health care spending reached $3.81 trillion in 2019 and would increase to $4.01 trillion in 2020. CMS projected that by 2028, health care spending would reach $6.19 trillion, and would account for 19.7% of GDP, up from 17.7% in 2018.
This...
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