Due to a number of factors, including the sluggish economy and continued increase in private health insurance cost-sharing requirements, healthcare spending growth is expected to remain slow in 2013, at 3.6 percent.
Moving forward, the gradual rebound of the U.S. economy and the percentage of the aging population who has gained insurance under the Patient Protection and Affordable Care Act are expected to propel healthcare spending through 2023, according to the report.
Healthcare’s share of the gross domestic product is expected to rise from 17 percent in 2012 to more than 19 percent in 2023, according to the report.
More articles on healthcare spending:
Massachusetts exceeds expectations in holding down healthcare spending: 5 key findings
Will political conflict stop the U.S. from tackling its healthcare spending problem?
10 things to know about specialty drug spending
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