The Centers for Medicare and Medicaid Services projected mid-February that US healthcare spending would increase 5.3% in 2018.
Factors affecting this increase include:
- Rising prices of medical goods and services
- Higher Medicaid costs
- Ageing baby-boom population driving Medicare enrollent
- More disposable personal income
Spending in 2016 rose 4.3 percent and spending in 2017 rose 4.6 percent (originally projected at 5.4% for 2017). Healthcare spending for 2017 was about $3.5 trillion.
CMS projects a 5.5% annual increase in healthcare expenditures from 2017 to 2026, making healthcare 19.7% of the US economy in 2026 ($5.7 trillion).
Yasmeen Abutaleb, "U.S. Healthcare Spending to Climb 5.3 Percent in 2018: Agency," Reuters, 14 February 2018, https://www.reuters.com/article/us-usa-healthcare-spending/u-s-healthcare-spending-to-climb-5-3-percent-in-2018-agency-idUSKCN1FY2ZD