This Month Only! >> $20 off and a FREE SHRM tote with your membership and code TOTE2018!
Sign up for free email newsletters and get more SHRM content delivered to your inbox.
Is your employee handbook keeping up with the changing world of work? With SHRM's Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Build competencies, establish credibility and advance your career—while earning PDCs—at SHRM Seminars in 12 cities across the U.S. this spring.
#SHRM18 will expand your perspective – on your organization, on your career, and on the way you approach HR. Join us in Chicago June 17-20, 2018
Members may download one copy of our sample forms and templates for your personal use within your organization. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and should be modified to suit your organization’s culture, industry, and practices. Neither members nor non-members may reproduce such samples in any other way (e.g., to republish in a book or use for a commercial purpose) without SHRM’s permission. To request permission for specific items, click on the “reuse permissions” button on the page where you find the item.
Aggregate health care spending in the U.S. will grow at an average annual rate of 5.7 percent for 2011 through 2021, or 0.9 percentage point faster than the expected growth in the gross domestic product (GDP), according to new estimates from the Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS). The estimates are in a study published online in June 2012 by the journal Health Affairs, "National Health Expenditure Projections: Modest Annual Growth Until Coverage Expands and Economic Growth Accelerates."
For 2011-13, U.S. health spending is projected to grow at 4 percent on average—slightly above the historically low growth rate of 3.8 percent in 2009. Preliminary CMS data suggest that growth in consumers’ use of health services remained slow in 2011, and this pattern is expected to continue into 2013.
However, in 2014, health spending growth is expected to accelerate to 7.4 percent as the major coverage expansions from the Patient Protection and Affordable Care Act (PPACA) begin, assuming that the PPACA is not overturned by the U.S. Supreme Court or repealed by Congress.
The health care share of GDP by 2021 is projected to rise to 19.6 percent from its 2010 level of 17.9 percent. In addition, by 2021, federal, state and local government health care spending is projected to be nearly 50 percent of national health expenditures, up from 46 percent in 2011, with federal spending accounting for about two-thirds of the total government share.
Rising government spending on health care is expected to be driven by faster growth in Medicare enrollment, expanded Medicaid coverage and the introduction of premium and cost-sharing subsidies for health insurance exchange plans.
The study, which was to be published in Health Affairs' July 2012 issue, provides an analysis of how Americans are likely to spend their health care dollars in the coming decade, with projections for spending by different sectors, payers and sponsors.
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Please sign in as a SHRM member before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
SHRM Annual Conference & Exposition
SHRM’s HR Vendor Directory contains over 10,000 companies