US Healthcare Spending Accelerates

CMS  Health Affairs

CMS projected that health-care spending will on average rise 5.5 percent annually from 2017 to 2026 and will comprise 19.7 percent of the US economy in 2026, up from 17.9 percent in 2016.

John Poisal, a deputy director of the National Health Statistics Group in CMS' Office of the Actuary, told reporters that of the 5.5% average annual growth in national health spending expected from 2017 to 2026, approximately half of a percentage point will be due to the age and sex mix of the population, 2.5 percentage points will be due to medical costs, 1.7 percentage points will be related to use and intensity of care, and 0.9 percentage points will be due to population growth. Among the major sectors of health care, spending growth is projected to be fastest for prescription drugs, averaging 6.3% for 2017-2026. This pace has spending in the health care sector outpacing growth in the economy as a whole: during that same time period, total USA gross domestic product is anticipated to increase 4.5% per year.

"It's very clear that the aging of the population has a significant influence on Medicare enrollment and shifts out of private health insurance". This is a result of accelerating growth in Medicare spending, slightly faster growth in prices for healthcare goods and services, and increases in premiums for insurance purchased through the Marketplaces, the report stated. Medicaid will be affected by an increased enrollment of relatively more expensive, older and disabled beneficiaries who tend to have disproportionately higher use and intensity of care, compared with non-aged or non-disabled beneficiaries. Between 1990 and 2007, annual health spending increased by 7.3 percent per year. Expenditures will rise to $5.7 trillion in 2026, from $3.3 trillion in 2016.

India warns Pakistan over Kashmir attack
Pakistan denied any incursion had occurred. "Terrorists belonged to Jaish-e-Mohammed (JeM), which is sponsored by Masood Azhar". She said giving the evidence to Pakistan was a continuous process.

If he's not in the newsroom, Tim likes to be on the tennis court or traveling to a new destination.

In 2026, 47% of national health spending is projected to be sponsored by federal, state, and local governments, up from 45% in 2016. Population growth and changing demographics account for the remainder of the projected average annual growth. Looking beyond 2018, the report says that the effect of prescription drug rebates will level off, which also contributes to a stronger growth in prices. Government actuaries expect the number of people without health insurance to increase slightly after Republicans lifted the ACA's penalty for going uninsured late previous year.

"As we're going through all these projections, it's very clear that the aging of the population has a significant influence on Medicare enrollment and shifts out of private health insurance", Gigi A. Cuckler, an economist in the CMS Office of the Actuary, said Wednesday during a call with members of the media.

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