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In eight years, $1 out of every $5 spent in the U.S. will be on healthcare.


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2023 Jun 16, 5:45am   743 views  13 comments

by Al_Sharpton_for_President   ➕follow (6)   💰tip   ignore  

CMS' Office of the Actuary projects that national health expenditures will hit $7.17 trillion by 2031. That means about $1 out of every $5 spent in the U.S. will be on healthcare.
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While national health spending growth slowed in 2022, that trend isn't likely to stick around.

Experts at the Centers for Medicare & Medicaid Services' Office of the Actuary predict that health spending growth will outstrip growth in the economy over the next decade, according to a study published in Health Affairs. Between 2022 and 2031, the actuaries predict spending will increase by 5.4% on average each year, faster than the estimated annual gross domestic product growth of 4.6%.

National health expenditures will hit $7.17 trillion by 2031, according to the analysis, or about $1 out of every $5 spent in the U.S. will be on healthcare.

The U.S. spent $4.4 trillion on healthcare last year, according to CMS actuaries.

Recent legislation such as the Inflation Reduction Act and the expiration of the COVID-19 public health emergency will impact trends in the long term, according to the actuaries. For instance, insurance rates reached a historic high of 92.3% in 2022, which will carry through 2023.

However, with the onset of Medicaid redeterminations as well as the end of expanded subsidies for individual market plans in 2025, the insured rate is expected to drop to 90.5% by 2031, according to the report.

The Inflation Reduction Act also significantly overhauled cost-sharing in Medicare Part D and gave the Department of Health and Human Services the power to negotiate prices for certain medications. The changes are likely to have a slim but still noticeable impact on Medicare spending, according to the report.

Spending in Medicare is expected to grow at the fastest rate among major insurers, increasing by 7.5% each year on average. The last of the baby boomers aging into Medicare will be in 2029, a major trend to watch, according to the report.

Spending in private health plans, including the individual market, is projected to increase by 5.4% annually, and spending in Medicaid is expected to grow by 5%. The actuaries said they expect out-of-pocket spending to increase by 4.3%.

https://www.fiercehealthcare.com/regulatory/health-spending-growth-slowed-2022-trends-set-change-expert-say


Comments 1 - 13 of 13        Search these comments

1   WookieMan   2023 Jun 16, 6:01am  

Al_Sharpton_for_President says

Spending in Medicare is expected to grow at the fastest rate among major insurers, increasing by 7.5% each year on average. The last of the baby boomers aging into Medicare will be in 2029, a major trend to watch, according to the report.

Might be too late but senior housing REIT's might be a good bet investment wise. They built two good sized facilities a couple towns over. I don't have tips, but they're going to be packed maybe. Only catch could be kids moving in or still living with mom and dad.

I'm not normal, but my mom will just live in our current house after we move and my sister and I can split any in home health care she needs or stop by on our own. I'll be 3 blocks away. House paid off, healthcare and pension covered. I have it easy. We'll see about my MIL...
2   FortwayeAsFuckJoeBiden   2023 Jun 16, 7:21am  

my wife recently got injured, went in for ct scan. $2k and thats with insurance.

fuck, i’m gonna claim to be an illegal migrant if i ever have to go to ER.
3   Tenpoundbass   2023 Jun 16, 7:31am  

Here we go again, this is how that Ni... Obama sold the Dumb fucks in America Obamacare.

If 2020-2022 hasn't shown America that we could stop and go cold turkey on our healthcare system, and then ONLY the stupid Fuckers actually seeking their services out, are the only ones dying in masse. Then our Healthcare may as well turn into a Canadian style Assisted Suicide Clearance centers.
4   clambo   2023 Jun 16, 8:48am  

Healthcare for losers, illegals and their spawn is getting very expensive.

That's another reason to stop immigration.
5   AD   2023 Jun 16, 10:33am  

clambo says


Healthcare for losers, illegals and their spawn is getting very expensive.

That's another reason to stop immigration.


They need to educate, train and motivate our existing workforce of young citizens. Turn around this apathy attitude, this indifference culture, this lazy and lacking initiative culture.

I agree, we don't need more immigration to compensate for this. We need to improve from within.

And I don't believe the Left's b.s. that undocumented immigrants from Honduras, El Salvador, Ecuador, etc. are going to have a net positive effect all the time such as they contribute a lot more than they take as far as government services, etc.

If anything, then why don't businesses try to get guest worker approval such as construction companies try to get their version of H1-B visas for construction workers.

.
.
6   Ceffer   2023 Jun 16, 10:40am  

Hmm. Why doesn't somebody invent a nice population control vaccine for this problem. I wonder if I could sell that idea.

The herd doesn't need a trim, it needs a full haircut for everybody over 65 who isn't part of the dynastic occult.
7   Patrick   2023 Jun 27, 12:05am  

https://merylnass.substack.com/p/is-it-possible-to-fix-the-healthcare





Fix pharma: price caps. Take away the massive profits that make the bribery, the revolving doors, the captive agencies possible.

One problem is that there is simply too much money in the system: it sucks in about $13,000 pp/year in 2021 or 18% of GDP, despite the fact that outcomes are poor.

Did I say poor? They are horrible, and imho it is in part because of all the money to be made in healthcare. All the incentives are wrong. If your doctor or hospital or system keeps you healthy, it goes out of business.
9   zzyzzx   2023 Jun 27, 5:05am  

Al_Sharpton_for_President says

Clearly we need to spend even more.

https://www.healthsystemtracker.org/chart-collection/u-s-life-expectancy-compare-countries/





I'd like to see that same chart normalized by race.
10   Patrick   2023 Jun 27, 9:50pm  

I would too. Black people genetically have shorter life expectancies.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4273584/


Lifespans are both shorter and more variable for blacks than for whites in the United States. ...

Although some youthful causes of death, such as homicide and HIV/AIDS, contribute to the black-white disparity in variance, those contributions are largely offset by the higher rates of suicide and drug poisoning deaths for whites. As a result, differences in the causes of death for blacks and whites account, on net, for only about one-eighth of the difference in lifespan variance.


This corresponds to the fact that black people also reach sexual maturity younger than whites, on average.
11   Ceffer   2023 Jun 27, 10:28pm  

We will make them sick, and with vaccines, they will pay for their own extermination services. All of the investors in this room will become rich from the profits.
12   Patrick   2024 May 28, 9:03am  

https://x.com/CollinRugg/status/1794828752108863689


@CollinRugg
NEW: South Park rips the American healthcare system for being incredibly complicated and inefficient.

Pure gold.

The South Park boys were trying to get medical help for Cartman.

When they told their insurance provider that they were trying to file a claim for medication, the boys were sent through an extremely complicated process.

South Park never misses.


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