A rapid growth rate in governmental healthcare programs.
Main governmental healthcare programs including Medicaid and Medicare that form the fastest-growing constituents of healthcare expenditures. Over the next ten years, Medicare projects a growth1of average 7.4 per cent rate per year while Medicaid’s growth is projected to rise with an annual rate of .5.5 per cent. Meanwhile, private health insurance is expected to rise by an annual rate of 4.8 per cent. Altogether, governmental health insurance programs cost is expected to nearly double in the next decade, rising from 1.4 trillion dollars in 2017 to 2.6 trillion dollars in 2017. The results will be governmental healthcare programs accountability for 44 per cent of the United States total healthcare expenditure by 2027.
The increment of government health insurance as a share of health expenditure
Retrieved from: https://www.pgpf.org/blog/2019/05/healthcare-costs-for-americans-projected-to-grow-at-an-alarmingly-high-rate
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