By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Expect Modest Growth in Health Spending through 2013
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Finance > Expect Modest Growth in Health Spending through 2013
Finance

Expect Modest Growth in Health Spending through 2013

Karen Corrigan
Karen Corrigan
Share
2 Min Read
SHARE

New estimates released by CMS project aggregate health care spending in the US will grow at an average annual rate of 5.7 percent for 2011 through 2021, or 0.9% faster than the expected growth in GDP.  The health care share of GDP by 2021 is projected to rise to 19.6 percent, from its 2010 level of 17.9 percent.

New estimates released by CMS project aggregate health care spending in the US will grow at an average annual rate of 5.7 percent for 2011 through 2021, or 0.9% faster than the expected growth in GDP.  The health care share of GDP by 2021 is projected to rise to 19.6 percent, from its 2010 level of 17.9 percent.

These projections indicate an increase in spending over the near historic low growth rates of recent years. Growth in consumers’ use of health services remained sluggish in 2011. And the slow economic recovery, modest growth in disposable personal incomes, insurance coverage, and employment rates will continue to limit expenditures through 2012 and 2013.

If the coverage expansions associated with the Affordable Care Act kick in, the growth rate for health spending is projected to increase 7.4 percent in 2014, with notable increases in spending on physician services and prescription drugs by the newly insured. Throughout the latter half of the projection period, incomes are expected to be higher, and a large number of baby boomers are anticipated to be receiving coverage under Medicare.

More Read

Readmission Reduction Program
9 Criticisms of the Readmission Reduction Program
How That New Drug Goes From Idea to Market
Dual Eligibles in the U.S.: Statistics and Facts
Hospitals Shift More Digital Dollars to Influencing Physicians
Governor Corzine Limits the Maximum Price for Uninsured in New Jersey

By 2021, government spending for health care will reach nearly 50 percent of total national health expenditures.  The federal government will account for two-thirds of that share.

Learn more at Health Affairs.  The full article provides an analysis of how Americans are likely to spend their health care dollars in the coming decade, with projections for spending by different sectors, payers, and sponsors.

      

TAGGED:health care spending
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

a woman walking on the hallway
6 Easy Healthcare Ways to Sit Less and Move More Every Day
Health
September 9, 2025
Clinical Expertise
Healthcare at a Crossroads: Why Leadership Matters More Than Ever
Global Healthcare
September 9, 2025
travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025

You Might also Like

claim denials
BusinessFinanceHospital Administration

10 Reasons Your Claim Was Denied

June 11, 2014

BioMotiv Puts New Model for Drug Development to Work

August 7, 2013
public private partnerships
BusinessFinanceGlobal HealthcarePublic Health

Strengthening Global Healthcare Systems Through Public-Private Partnerships

April 8, 2015

Tell Your Story: 2013 Costs of Care Essay Contest Is Open!

September 13, 2013
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?