New data from the Centers for Medicare and Medicaid Services (CMS) Office of the Actuary published in Health Affairs suggests health care will make up 19.7 percent of the U.S. economy by 2026.
According to researchers, spending on hospital care could see an average growth rate of 5.5 percent between 2017 and 2026.
Governments — federal, state and local — could shoulder some 47 percent of U.S. health spending by 2026, Healthcare Dive reports.
“Projected national health spending and enrollment growth over the next decade is largely driven by fundamental economic and demographic factors: changes in projected income growth, increases in prices for medical goods and services, and enrollment shifts from private health insurance to medicare that are related to the aging of the population,” the researchers stated in their report.
The CMS report can be found here.