August 12, 2015
The trend line for health care spending is on the rise in the U.S., according to a recent report published in the online journal Health Affairs.
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Key findings outlined in the report’s abstract:
• Health spending growth in the U.S. is projected to average 5.8 percent for 2014–24, reflecting the Affordable Care Act’s coverage expansions, faster economic growth and population aging.
• Recent historically low growth rates in the use of medical goods and services, as well as medical prices, are expected to gradually increase.
• However, in part because of the impact of continued cost-sharing increases that are anticipated among health plans, the acceleration of these growth rates is expected to be modest.
• The health share of U.S. gross domestic product is projected to rise from 17.4 percent in 2013 to 19.6 percent in 2024.
