A report from Deloitte, released last month, predicts that although healthcare spending will continue to grow in the United States in coming years, the growth will be lower than some experts have predicted.
The report, "Breaking the Cost Curve," notes that healthcare spending in 2019 topped $3.8 trillion, which is nearly 18 percent of the nation's gross domestic product (GDP). The Centers for Medicare and Medicaid Services (CMS) projected at that time that healthcare spending would continue to grow at a rate of 5.3 percent per year. By 2040, CMS estimated, healthcare spending could reach $11.8 trillion annually.
Deloitte's prediction, however, is that the upward trend will moderate due to changes in technologies, treatments, and consumer engagement. They summarize the future of healthcare by outlining three future realities:
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
