The estimates, published in Health Affairs, show that by 2028, the health share of the economy is expected to grow to 19.7 percent, up from 17.7 percent in 2018. CMS noted the estimates are based on current-law framework and don’t reflect the potential effects of the COVID-19 pandemic.
The biggest driver of growth in national health spending is higher prices for medical services and goods.
Among payers, Medicare is expected to see average annual spending growth of 7.6 percent, higher than Medicaid (5.5 percent) and private health insurance (4.8 percent).
Access the full projections here.
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