Report projects 5.6% medical spending growth this year

The CMS reported Wednesday that growth in mean annual health care spending is expected to reach 5.6% this year and will average 6% from 2015 to 2023. The estimates fall below earlier projections as well as the 7.2% increase seen from 1990 through 2008, but the new figures represent an increase in growth over the 3.6% estimated for 2013. Spending on prescription drugs is expected to increase by 6.8% this year, driven in part by costly new drugs for treatment of hepatitis C. The Examiner (Washington, D.C.) (9/3), Politico (9/3), USA Today (9/3), Reuters (9/3), The Hill (9/3)

Last Updated 10/21/2020

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