Annual projections from NHE compared to actual health care spending

The Centers for Medicare& Medicaid Services (CMS) recently released their National Health Expenditure (NHE)  projections of health care spending in the United States through 2030. While these data are helpful when looking at the overall health care system, historically, they overestimate projected spending on retail medicines. Since 2001, CMS actuaries have overestimated the next year’s actual retail medicine spending by $1 billion or more two thirds of the time.According to the most recent data from CMS, changes in spending on retail medicines are expected to track with overall health care spending. But when we look at past projections, we can see the actual future spending on retail medicines is likely to grow more slowly.
Source: The Catalyst - Category: Pharmaceuticals Authors: Tags: Drug Cost Medicare Source Type: news