Current healthcare spending is expected to more than double from 2010-2014, according to research published in Health Affairs.
According to the study, healthcare spending in 2010 was estimated to be 3.9 percent. However, that level of healthcare spending is expected to balloon to 8.3 percent in 2014 when expanded Medicaid and private insurance coverage under healthcare reform take effect.
Expanded healthcare coverage under the Affordable Care Act is expected to drive demand for healthcare, especially for prescription medications and physician/clinical services. The researchers also expect the federal government's share of healthcare spending to grow from 27 percent in 2009 to 31 percent in 2020.
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According to the study, healthcare spending in 2010 was estimated to be 3.9 percent. However, that level of healthcare spending is expected to balloon to 8.3 percent in 2014 when expanded Medicaid and private insurance coverage under healthcare reform take effect.
Expanded healthcare coverage under the Affordable Care Act is expected to drive demand for healthcare, especially for prescription medications and physician/clinical services. The researchers also expect the federal government's share of healthcare spending to grow from 27 percent in 2009 to 31 percent in 2020.
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