Hospital spending is projected to increase by 9.3% this year

Healthcare Finance News October 12, 2023
Susan Morse

Across all payers, per enrollee spending is projected to accelerate in 2023 and 2024.

Healthcare spending projections for 2030 are now 21% below what the Centers for Medicare and Medicaid Services expected a decade ago, according to a study by Peterson Center on Healthcare and KFF.

Spending is lower than what CMS actuaries had projected. In 2010, they projected health spending would reach $4.64 trillion by 2020. In 2015, CMS actuaries projected estimated health spending in 2020 would be $4.20 trillion.

However, by 2020, actual health spending was recorded at $4.12 trillion.

In 2015, health spending was projected to reach $5.63 trillion by 2025. However, latest projections now estimate health spending to be $5.19 trillion two years from now.

The...

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