Health expenditure set to reach a fifth of US GDP

17 April 2020

National Health Expenditure (NHE) projections in the USA suggest growth in spending could average 5.4% for 2019 to 2028, reaching nearly 20% of gross domestic product (GDP) by the end of the period.

The data, which were recently released by the Centers for Medicare & Medicaid Services (CMS), indicate that spending on drugs at the retail level grew by 3.2% in 2019.

The research shows that Medicare is expected to show the fastest growth in spending of all the major payers, at 7.6%, mainly as a result of high enrollment growth.

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