U.S. healthcare spending to rise 5.5% per annum over next decade

|About: AbbVie Inc. (ABBV)|By:, SA News Editor

According to the Centers for Medicare & Medicaid Services (CMS), U.S. healthcare spending is expected to rise 5.5% each year over the next decade, reaching ~$6T by 2027 (19.4% of GDP).

Medicare spending is expected to rise 7.4% per annum over the same period, above 5.5% for Medicaid and 4.8% for private insurance plans.

Medicare enrollment should peak at 2.9% this year.

Prescription drug spending is forecasted to rise 5.6% per year between 2018 and 2027 as is hospital spending.

By 2027, federal, state and local governments are projected to fund 47% of national healthcare spending (45% in 2017).

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