CMS: Expect continued slowdown of healthcare spending
Patient Financial Services Weekly Advisor, February 24, 2006
Experts project healthcare spending in the United States will grow 7.4% in 2005 and 7.3% in 2006, surpassing $2 trillion, according to a report prepared by the Centers for Medicare & Medicaid Services' (CMS) Office of the Actuary.
These estimates are based on the most recent available data, which is currently 2004 data.
If these projections hold true, it would represent the third and fourth consecutive years of decelerating growth.
Experts also expect a significant drop in personal healthcare spending. Following Medicare payment adjustments, which will go into effect in 2007, growth is expected to fall to 7% that year. The growth could pick up in 2008, but will then gradually slow over the next several years.
National health expenditures may double over this period as medical technology and utilization change.
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