Tag: Healthcare spending
CMS report: Health spending will rise
June 17, 2024HME News Staff
WASHINGTON – CMS's Office of the Actuary projects that average annual growth in national health expenditures (5.6%) will outpace average annual growth in GDP (4.3%), resulting in an increase in the health spending share of GDP from 17.3% in 2022 to 19.7% in 2032.
The NHE estimates discussed in the office’s new report contain expected effects from the Inflation Reduction Act of 2022 (IRA), including anticipated effects associated with the law’s provisions regarding the...
Growth in health spending slows
December 7, 2017HME News Staff
WASHINGTON - National health spending increased 4.3% in 2016 compared to 5.8% in 2015, according to a new study by the Office of the Actuary at CMS.The health spending share of the economy was 17.9% in 2016. Previously, the health spending share of the economy increased 0.5 percentage point from 17.2% in 2013 to 17.7% in 2015.The increases in health spending share of the economy were attributed to coverage expansion for 8.7 million individuals gaining private health insurance under the Affordable...
CMS details healthcare spending by state
June 15, 2017HME News Staff
WASHINGTON - While most states experienced faster growth in healthcare spending in 2014 due to Medicaid expansion and Health Insurance Exchange enrollment, per capita spending in Medicaid expansion and non-expansion states grew at similar rates, according to a CMS analysis of data from 1991-2014.The data also shows that the most recent economic recession, which ended in 2009, and the modest recovery since then has had a sustained impact on healthcare spending and health insurance coverage. Every...
Study: Growth in healthcare spending lower than average
July 14, 2016HME News Staff
WASHINGTON - Total healthcare spending growth is expected to average 5.8% annually over 2015-2025, according to a report published July 13 by Health Affairs and authored by CMS's Office of the Actuary. Projected healthcare spending growth remains lower than the average over previous two decades before 2008 (nearly 8%). “The Affordable Care Act continues to help keep overall health spending growth at a modest level and at a lower growth rate than the previous two decades,” said CMS Acting...
What age group has lowest rate of growth in personal health care spending?
May 6, 2014HME News Staff
WASHINGTON - Average annual growth in per capita personal healthcare spending for the elderly was 4.1% from 2002 to 2010, the lowest among any other age groups studied, according to a report by the CMS Office of the Actuary released May 5 and published in the journal Health Affairs.Overall, authors of the report found that growth in spending among groups over this time period varied, especially during the recession. For example, in 2008-10, the largest difference in average spending growth between...