Home Health Spending Rate Projected to Surpass All Other Care Categories
Posted on Friday, February 22, 2019 10:45 PM
According to CMS, approximately $108.8 billion will be spent on home health care this year in the United States.
In 2019, the projected annual growth rate for home health spending is 6.8%. That exceeds the rate for nursing homes and continuing care retirement communities.
“As a result of economic and demographic trends, we expect health spending growth to increase over this next decade,” Andrea Sisko, an economist in the Office of the Actuary at CMS and lead author of the Health Affairs study, said in a statement. “While Medicare spending is expected to accelerate the fastest among payers and contribute to the increase, growth in health prices and disposable personal income are also significant contributors.”
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