The US health care spending growth slowed to its lowest point between 1993 and 2000.
The nation's healthcare spending could increase by 7.1% over the next five years from 2022 to 2027, compared to projected economic growth of 4.7% . Overall, this equates to an increase in health spending that exceeds economic growth by 2.4 percentage points.
Rising healthcare costs in the United States are related to five factors:
(1) more people; (2) an aging population. (3) changes in the prevalence or incidence of disease; (4) Increased use of health services. (5) increased price and intensity of services;
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