Employers. Insurers. Government. Can You Afford What’s Coming?
Healthcare Spending Projections On June 14, 2023, CMS released its projections for healthcare spending. Total healthcare spending will increase from $4.1 trillion in 2021 to $7.2 trillion in 2031, an average annual increase of 5.4%. At the same time, its share of GDP will grow from 18.3% in 2022, to 19.6% in 2031. Private health…