Healthcare spending expected to accelerate in next decade

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Takeaway

  • Healthcare spending is projected to accelerate in the next decade after a period of relatively slow growth, says an analysis by the Centers for Medicare & Medicaid Services (CMS) published in Health Affairs.
  • CMS projects the average yearly growth in healthcare spending to be 5.6%, driven by the cost of medical services and products for an aging population.
  • That compares with the 4.8% increase in healthcare spending in 2016.

Why this matters

  • The United States spent $3.4 trillion on healthcare in 2016, a number that is expected to grow to...