News Headlines Article

Medicare’s misguided long-term forecast on health spending
Modern Healthcare

Government experts recently published projections for national health spending between 2013 and 2023. After five years below 4%, a team of nonpartisan economists forecasts 6% annualized growth through 2023. Their projections calculate healthcare expenditures totaling $5.2 trillion in 2023, representing 19.3% of the gross domestic product.

Inefficient health spending is not our destiny. The government’s analysis neglects fundamental shifts in healthcare supply-demand relationships driven by market demands for greater healthcare value.