Thursday December 14th 2017

CMS: Healthcare spending to outpace GDP growth

(Reuters) — Healthcare costs in the U.S. are expected to grow at a faster clip over the next decade and overall health spending growth will outpace that of the gross domestic product, according to the Centers for Medicare & Medicaid Services. The aging of the enormous Baby Boom generation and overall economic inflation are prime contributors to the projected increase in healthcare spending, CMS said in the report. Overall healthcare spending will comprise 19.9% of the economy in 2025, up from 17.8% in 2015, the report forecast. The pace of growth in U.S. spending on health is expected to pick up in 2017, increasing 5.4% over 2016. That compares with an estimated 4.8% spending uptick in 2016. Spending for 2016 was estimated at $3.4 trillion. When the final numbers are in, the growt…

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CMS: Healthcare spending to outpace GDP growth

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