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National Health Spending to Grow Only 5.8% Annually Over the Next Decade
The Centers for Medicare and Medicaid reported in Health Affairs that national health spending is expected to grow 5.8 percent annually through 2022.
Factors that will lead to this slow growth include:
• Sluggish economic recovery
• Continued increases in cost-sharing requirements for the privately insured
• Slow growth for public programs
For 2013, the growth rate is projected at nearly 4 percent. However, factors like the growing aging population and Affordable Care Act implementation are expected to speed growth beginning next year. According to the report, health spending financed by federal, state and local governments is projected to be 49 percent of all health spending and reach $2.4 trillion in 2022.
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