Total national health expenditures are expected to grow from $3.2 trillion in 2015 to $5.4 trillion in 2024, according to projections prepared by the Centers for Medicare and Medicaid Services. Federal government economists expect that the annual growth in national health expenditures will be 5.3 percent this year, increasing to 6.2 percent in 2024. Another often cited metric, national health expenditures as a percent of the gross domestic product (GDP) is expected to increase from 18 percent in 2015 to 19.6 percent in 2024.
U.S. Centers for Medicare and Medicaid Services. (2015, July 30). National health expenditure data: Projected. Retrieved from https://www.cms.gov/research-statistics-data-and-systems/statistics-trends-and-reports/nationalhealthexpenddata/nationalhealthaccountsprojected.html
Keehan, S.P., Cuckler, G.A., and others. (2015, Aug.). National health expenditure projections, 2014-24: Spending growth faster than recent trends. Health Affairs, 34(8), 1407-1417. Retrieved from http://content.healthaffairs.org/content/early/2015/07/15/hlthaff.2015.0600.abstract Posted by AHA Resource Center (312) 422-2050, firstname.lastname@example.org
Filed under: Future trends, Hospital costs, Posted by Kim Garber | Tagged: Gross domestic product, hospital costs, National health expenditure projections, National health expenditure trends, National health expenditures, NHE |