National health spending will increase modestly over the next decade, propelled in part by the gradual rebound of the U.S. economy and the growing ranks of Americans who became insured under the Affordable Care Act, government actuaries projected. But those growth rates are not as high as what the country saw for the two decades before the Great Recession, according to the report from the Centers for Medicare & Medicaid Services Office of the Actuary, issued Wednesday.
The actuaries estimate that health spending grew just 3.6% in 2013, the fifth year of historically low rates of spending growth. But it will accelerate to 5.6% this year. They also forecast that the average growth rate for 2015-2023 would be 6%. That is up just slightly from last year’s projection.
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