News Headlines Article

Healthcare spending pegged at $2.5 trillion in ‘09
Modern Healthcare - Joe Carlson

Healthcare spending in the U.S. is projected to have grown to $2.5 trillion in 2009, increasing the industry’s share of the national gross domestic product at the fastest rate in 50 years, the CMS estimates in a new report. Judging by current growth rates, Medicare and Medicaid are expected to account for more than half of all healthcare spending by 2012, driven by swift growth in Medicaid because of widespread joblessness during the recession, according to the annual CMS findings reported in Health Affairs.