Healthcare spending is expected to increase to 5.6 percent in 2014 and 6 percent per year from 2015 to 2023, according to a recent report from CMS' Office of the Actuary published in Health Affairs.
Due to a number of factors, including the sluggish economy and continued increase in private health insurance cost-sharing requirements, healthcare spending growth is expected to remain slow in 2013, at 3.6 percent.
Moving forward, the gradual rebound of the
Healthcare's share of the gross domestic product is expected to rise from 17 percent in 2012 to more than 19 percent in 2023, according to the report.
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