Wednesday, July 27, 2016

Healthcare Spending Expected to Increase as Share of Economy

The Affordable Care Act continues to influence health spending growth and consumers’ out-of-pocket medical costs are also increasing.National health spending, including Medicare, medical price growth and prescription drugs, is expected to grow over the next decade, but at a rate lower than the average of the last two decades.The national health spending is projected to increase at an average rate of 5.8 percent per year from 2015-2025. The Affordable Care Act continues to keep overall health spending growth at a modest level and at a lower growth rate than the previous two decades. This progress is occurring while also helping more Americans get coverage, often for the first time. More info here.

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