CMS estimates find healthcare spending is rapidly increasing, MedPage Today reports.
Here are six points:
1. Healthcare accounted for 17.8 percent of U.S. gross domestic product in 2015. CMS estimate this figure will increase to 19.9 percent by 2025.
2. From 2016 to 2025, healthcare spending is likely to increase 5.6 percent annually, on average.
3. Sean Keehan, an official at Baltimore-based CMS Office of the Actuary, said in a press release while healthcare spending slowed this year, the agency expects it to pick back up as medical prices continue to soar. He said these prices are "only partially offset by slower projected growth in the use and intensity of medical goods and services."
4. The United States is likely to spend more on Medicare and Medicaid in the coming years. Medicare and Medicaid spending have already surpassed private health insurance spending growth.
5. The report estimates the insured population will jump from 90.9 percent in 2015 to 91.5 percent in 2025.
6. CMS expects national health spending to total $3.4 trillion in 2016, up from $3.2 trillion the year prior.