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diva77

(7,837 posts)
Fri Jun 14, 2024, 08:35 PM Jun 14

'We Need Medicare for All Yesterday': US Healthcare Spending to Hit $7.7 Trillion [View all]

https://www.commondreams.org/news/us-healthcare-spending

"The jaw-dropping figures," said one advocate, "highlight the need to move to Medicare for All immediately."
Jake Johnson Jun 14, 2024

A federal analysis released this week projects that U.S. healthcare spending is set to rise to $7.7 trillion by 2032 and account for nearly 20% of the nation's economy, findings that single-payer advocates described as yet another indictment of the country's for-profit system and further evidence of the need for Medicare for All.

The Centers for Medicare and Medicaid Services' (CMS) Office of the Actuary said Wednesday that it expects national healthcare expenditures to outpace U.S. economic growth over roughly the next decade, "resulting in an increase in the health spending share of GDP from 17.3% in 2022 to 19.7% in 2032."

The CMS analysis showed that U.S. healthcare spending grew at a rate of 7.5% last year, with overall expenditures reaching $4.8 trillion. CMS said it projects health spending will rise by 5.6% annually over the coming years, with overall spending reaching $7.7 trillion by 2032.

A federal analysis released this week projects that U.S. healthcare spending is set to rise to $7.7 trillion by 2032 and account for nearly 20% of the nation's economy, findings that single-payer advocates described as yet another indictment of the country's for-profit system and further evidence of the need for Medicare for All.

The Centers for Medicare and Medicaid Services' (CMS) Office of the Actuary said Wednesday that it expects national healthcare expenditures to outpace U.S. economic growth over roughly the next decade, "resulting in an increase in the health spending share of GDP from 17.3% in 2022 to 19.7% in 2032."

The CMS analysis showed that U.S. healthcare spending grew at a rate of 7.5% last year, with overall expenditures reaching $4.8 trillion. CMS said it projects health spending will rise by 5.6% annually over the coming years, with overall spending reaching $7.7 trillion by 2032.

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Medicare for all NOW!!!
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