CMS Releases 2017-2026 Projections of National Health Expenditures
Posted on Friday, February 16, 2018 10:06 PM
The Center for Medicare & Medicaid Services projects national health expenditure growth to average 5.5 percent annually over 2017-2026, according to a report published this week.
Additional findings from the report:
Total National Health Spending Growth
Growth is projected to have been 4.6 percent in 2017, up slightly from 4.3 percent growth in 2016, as a result of accelerating growth in Medicare spending, slightly faster growth in prices for healthcare goods and services and increases in premiums for insurance purchased through the Marketplaces.
Among the major payers for healthcare over the 2017-2026 period, Medicare is projected to experience the most rapid annual growth at 7.4 percent, largely driven by enrollment growth and faster growth in utilization from recent near-historically low rates.
Private health insurance
Private health insurance spending is projected to average 4.7 percent over 2017-2026, the slowest of the major payers, reflecting low enrollment growth and downward pressure on utilization growth.
Medicaid is projected to average 5.8 percent annual growth over 2017-2026, which is slower than the average observed for 2014-2016 of 8.3 percent, when the major impacts from the Affordable Care Act’s expansion took place.
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