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February 22, 2006 at 01:27 PM
By 2015, U.S. residents could be spending $4 trillion a year on health care.
That figure could amount to about 20% of 2015 gross domestic product, according to economists and actuaries at the Centers for Medicare and Medicaid Services’ National Health Statistics Group.
Annual health spending growth could average 7.2% over the next decade, while national GDP may rise an average of only 2.1% per year, the forecasters estimate in an annual projection of health care cost trends.
Although employers and health insurers have succeeded at slowing growth in private health insurance premiums over the past 3 years, that slowdown could end soon, the forecasters warn.
