CMS: U.S. Health Spending Projected to Grow 5.5% Annually Over Decade
National health expenditures are projected to grow an average 5.5% annually during 2017-2026, outpacing average projected growth in gross domestic product by 1 percentage point, the Centers for Medicare & Medicaid Services’ Office of the Actuary reported yesterday. Prescription drugs are projected to experience the fastest average annual increase over the decade (6.3% per year), largely due to increased spending on specialty drugs, CMS said. The proportion of the population with health insurance is projected to fall from 91.1% in 2016 to 89.3% in 2026, partly due to the repeal of the individual mandate. The projections do not reflect the health provisions in the Bipartisan Budget Act enacted last week.
Related News Articles
Headline
The Senate Appropriations Committee July 31 advanced the fiscal year 2026 appropriations bill for the Departments of Labor, Health and Human Services,…
Perspective
House members are back in their districts for the August recess and senators are likely to return to their states soon.While lawmakers are home, it’s important…
Headline
The Trump administration today announced steps drug manufacturers must take to lower prescription drug prices in the U.S. to "most favored nation" pricing, the…
Headline
The Department of Health and Human Services today issued a notice announcing a 340B Rebate Model Pilot Program as a voluntary mechanism for qualifying drug…
Headline
Centers for Medicare & Medicaid Services Administrator Mehmet Oz, M.D., July 19 visited AtlantiCare health system in New Jersey, making stops at its…
Headline
The Congressional Budget Office today released its estimate of the budgetary effects of the One Big Beautiful Bill Act, as enacted. CBO projects the law will…