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 US Health Spending Will Grow by 5.7% on Average Annually by 2021

US health spending is projected to grow at a modest rate until the US economy recovers, according to recent national health expenditure projections.  

For the 2011 - 2013 period, US health spending is expected to grow at 4.0 per cent, but by 2014 that will increase to 7.4 per cent as the major coverage expansions from the Affordable Care Act begin.

Between 2011 and 2021 the average rate of growth is projected to be 5.7 per cent annually, while the average GDP growth is expected to be 0.9 per cent lower than that. That will boost the health share of GDP from 17.9 per cent in 2010 to 19.6 per cent by 2021. The projections take into account the impacts of important economic, legislative and demographic factors, such as the US aging population.  

It might also be of interest to marcus evans healthcare Summit attendees that federal, state and local government health care spending will account for half of national health expenditures by 2013, which was at 46 per cent last year. Federal spending will take around two-thirds of the government share.  

According to US Senator Orrin Hatch (R-Utah), �This report is a resounding repudiation of the President�s unconstitutional USD 2.6 trillion health law. Exploding health care spending is hardly the relief the President promised the American people.� However, it is important to consider that more than 30 million uninsured Americans will receive coverage when the reform law takes into effect, which may have a significant impact on costs.  

The marcus evans healthcare industry Summits include the Long-Term Care CXO Summit, in Weston, Florida, July 16-17, 2012, and the National Healthcare CXO Summit and National Healthcare CFO Summit in Dallas, Texas, October 21-23, 2012.  

For more information, please visit the following Summit websites: www.longtermcaresummit.com and www.healthcare-summit.com







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