National health expenditure projections, 2019–28: expected rebound in prices drives rising spending growth

Health Affairs

24 March 2020 - US national health expenditures are projected to grow at an average annual rate of 5.4% for 2019–28 and to represent 19.7% of gross domestic product by the end of the period. 

Price growth for medical goods and services is projected to accelerate, averaging 2.4% per year for 2019–28, which partly reflects faster expected growth in health-sector wages. 

Among all major payers, Medicare is expected to experience the fastest spending growth (7.6% per year), largely as a result of having the highest projected enrolment growth.

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Michael Wonder

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Michael Wonder