Four things to know:
1. Medicare spending is projected to rise from $835 billion this year to $1.7 trillion in 2030
2. Medicaid spending is expected to increase from $425 billion in 2020 to $732 billion in 2030.
3. In 2020, spending on federal health programs is expected to total $1.3 trillion. That number is projected to rise to $2.5 trillion in 2030.
4. The increase in spending over the next 10 years is largely attributable to an increasing number of Medicare beneficiaries. The number of people in the U.S. age 65 or older is now more than twice what it was 50 years ago, and that number is expected to continue to rise.
More articles on healthcare finance:
45 financial benchmarks for hospital executives
HCA’s profit tops $1B in Q4
Texas hospital challenges $300K penalty caused by typo
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
