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CMS Projects Accelerating Health Care Cost Growth

Thursday, February 23, 2017   (0 Comments)
Posted by: Jeffrey Breckenridge
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Overall health care spending is expected to rise over the next decade and account for 19.9% of the economy by 2025, with the pace of growth to rise 5.4% this year compared with growth of 4.8% for 2016, according to a CMS report. Prescription drug spending is projected to grow 6.4% annually over the next eight years, partly fueled by specialty drugs, while Medicare spending is also expected to increase as more Americans grow older.