CMS: GROWTH IN NATIONAL HEALTH EXPENDITURES PROJECTED TO REMAIN STEADY THROUGH 2017

HEALTH SPENDING GROWTH EXPECTED TO CONTINUE TO OUTPACE ECONOMIC GROWTH AND GROWTH IN GENERAL INFLATION

Growth in health care spending in the United States is projected to be 6.7 percent in 2007, according to a report issued today by the Centers for Medicare and Medicaid Services (CMS). Average annual growth is expected to remain near that rate through 2017, the report said.

The analysis was prepared by CMS’s Office of the Actuary and published online by the journal Health Affairs. Over the full projection period (2007-2017), annual growth in health spending is anticipated to be higher than annual growth in both the overall economy (4.9 percent) and in general inflation (2.4 percent).

As a percentage of gross domestic product, known as GDP, health care spending is projected to increase to 16.3 percent in 2007 from 16.0 percent in 2006. By the end of the projection period, health care spending in the United States is expected to reach just over $4.3 trillion and comprise 19.5 percent of GDP.

For full press release from CMS Office of Public Affairs, go to:
http://www.cms.hhs.gov/apps/media/press/release.asp?Counter=2935&intNumPerPage=10&checkDate=&checkKey=&srchType=1&numDays=3500&srchOpt=0&srchData=&srchOpt=0&srchData=&keywordType=All&chkNewsType=1%2C+2%2C+3%2C+4%2C+5&intPage=&showAll=&pYear=&year=&desc=&cboOrder=date

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