RevCycle Intelligence March 25, 2020
New estimates from the Office of the Actuary at CMS show that national healthcare spending is slated to grow by 5.4% annually from 2019-28 but those projections do not account for COVID-19.
Researchers at the Office of the Actuary at CMS project national healthcare spending to grow at an average annual rate of 5.4 percent from 2019 through 2018, outpacing the average projected growth in gross domestic product (GDP) by 1.1 percentage points.
As a result, the healthcare share of the economy is slated to increase to 19.7 percent of GDP by the end of the period, up from 17.7 percent in 2018, the estimates shared in a study published in Health Affairs yesterday showed.
“As it has over the...
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