Home / Technology / CMS Projects 4% Increase In 2014 Health Spending

CMS Projects 4% Increase In 2014 Health Spending

Healthcare spending in the U.S. will increase by four percent by 2014, a government report says, according to Reuters.

The Centers for Medicare and Medicaid Services also believes that by 2021, healthcare spending would rise 5.7 percent per year, or from $2.8 trillion in 2010 to $4.8 trillion in 2021.

Compared to the gross domestic product, healthcare spending could total 19.6 percent of GDP from the current 17.9 percent.

CMS expects 20 million more people to enroll in Medicaid in 2014, when health reform laws take full effect.

By 2021, CMS estimates that Medicaid will have $957 billion in spending for 85 million beneficiaries.

Federal and state governments provide joint funding for Medicaid.

 

Check Also

DOE Announces Funds to Support Large Power Transformer R&D Efforts

The Department of Energy is obligating up to $75M to finance four research and development efforts for more resilient large power transformers. The DOE said Wednesday these projects aim to produce sensor-equipped transformers with boosted flexibility, analytical performance and security under the Transformer Resilience and Advanced Components and Resilient Distribution Systems programs.

Leave a Reply

Your email address will not be published. Required fields are marked *