National health expenditures are projected to grow an average 5.4% annually during 2019-2028, outpacing average projected growth in gross domestic product by 1.1 percentage points, the Centers for Medicare & Medicaid Services’ Office of the Actuary reported yesterday in Health Affairs. Average annual Medicare spending (7.6%) is expected to exceed that in Medicaid (5.5%) and private health insurance (4.8%) as baby-boomers continue to age into the program, the agency said. Prices for medical goods and services are projected to grow an average 2.4% per year, largely reflecting faster expected growth in health-sector wages. CMS projects annual growth in spending for hospital care will increase from 5.1% in 2020 to 6.0% between 2024 and 2028, driven by inflation and growth in Medicaid and Medicare enrollment. The projections do not factor in the current COVID-19 public health emergency

Related News Articles

Headline
The AHA’s American Society for Health Care Engineering has named Deanna Martin as its new executive director. A certified association executive, Martin has…
Headline
Hospital emergency departments treated 4.3% more nonfatal overdoses in 2017 than in 2016, with the visit rate increasing for all drugs except benzodiazepines,…
Headline
President Trump today directed the Health and Human Services Secretary, in consultation with the Secretary of Homeland Security, to use Defense…
Headline
The Departments of Justice and Health and Human Services today announced they will distribute personal protective equipment seized from hoarders to those on…
Headline
In an effort to encourage more blood donations, the Food and Drug Administration today said it is revisiting and updating several existing policies to help…
Headline
To support federal public health authorities and agencies in need of COVID-19-related data, the Health and Human Services Office for Civil Rights will not…