Market Analysis

Healthcare spending growth projected to nearly double in next decade

Published in Biotech Business Week, March 8th, 2004

Despite a projected slowdown in its rate of growth, U.S. healthcare spending will reach nearly $3.4 trillion in 2013, nearly doubling in the next decade and consuming close to one-fifth of the nation's economic output, according to new federal government projections published on the Health Affairs website.

In an annual forecast of healthcare spending trends, Stephen Heffler and colleagues from the actuary's office at the Centers for Medicare and Medicaid Services write that while it is projected to slow, healthcare spending is still expected to grow faster than the economy over the next 10 years.

Health care spending growth appears to have peaked at...

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Source: Biotech Business Week (2004-03-08)

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