Keckley Report May 21, 2018
Reducing Health Costs: What’s Working and What’s Not
Reducing healthcare costs is widely accepted as a system imperative: the facts are compelling:
- National health spending is projected to grow at an average rate of 5.5% per year for 2017-26 and to reach $5.7 trillion by 2026. While this projected average annual growth rate is more modest than that of 7.3% observed over the longer-term history prior to the recession (1990-2007), it is more rapid than has been experienced 2008-16 (4.2%). Health spending is projected to grow 1.0 percentage point faster than Gross Domestic Product (GDP) per year over the 2017-26 period; as a result, the health share of GDP is expected to rise from 17.9% in 2016 to 19.7%...
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