Managed Care

 

Public spending on health care to accelerate

MANAGED CARE March 2009. © MediMedia USA
Managed Care Outlook

Public spending on health care to accelerate

MANAGED CARE March 2009. ©MediMedia USA













The Office of the Actuary in the Centers for Medicare & Medicaid Services annually produces projections of health care spending. The latest projections begin after 2007 and go through 2018.

From 2008 through 2018, health spending growth is expected to outpace growth in the overall economy by 2.1 percentage points per year.

By 2018, national health spending is expected to reach $4.4 trillion and account for just over one fifth of the gross domestic product.

Because of the recession, private health spending growth, including insurance and out-of-pocket payments, is projected to decelerate from 5.8 percent of GDP in 2007 to a 15-year low of 3.9 percent in 2009, driven by slower income growth and declining private health insurance coverage rates.

Public spending on health care, on the other hand, is projected to accelerate from 6.4 percent of GDP in 2007 to 7.4 percent by 2009.

This is attributed to faster growth in both Medicaid enrollment and expenditures. Medicare spending growth is also projected to be robust in 2008 and 2009, about 8 percent per year.

Source: Centers for Medicare & Medicaid Services

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2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014
6th Semi-Annual Diagnostic Coverage and Reimbursement Conference Boston December 4–5, 2014
Customer Analytics & Engagement in Health Insurance Chicago December 4–5, 2014
Pharmaceutical and Biotech Clinical Quality Assurance Conference Alexandria, VA December 4–5, 2014
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8th Annual Medical Device Clinical Trials Conference Chicago December 8–9, 2014
HealthIMPACT Southeast Tampa, FL January 23, 2015