Gov't says health costs to keep growing faster than economy
February 15, 2018
WASHINGTON (AP) — U.S. health care spending will keep growing faster than the overall economy in the foreseeable future, squeezing public insurance programs and employers who provide coverage, the government said Wednesday.
Annual projections from number crunchers at the Department of Health and Human Services cite an aging population and an uptick in prices for health care services and goods as factors behind the ongoing growth in costs.
Spending is projected to rise by an average of 5.5 percent annually through 2026, or about 1 percentage point faster than economic growth.