Healthcare spending to double by 2016
Case Management Weekly, February 21, 2007
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By 2016, U.S. healthcare spending will nearly double to $4.1 trillion and account for one-fifth of the nation's gross domestic product, reported www.forbes.com. CMS released a report stating that between 2006 and 2016, there is a projected spending growth rate of 6.9%. In 2006, Medicare spending was expected to reach $417.6 billion, but this will more than double by 2016 to $862.7 billion. However, it was expected that nursing home spending growth will decrease to 3.4% in 2006 from 6% in 2005, reported www.forbes.com.
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