By 2028, health care spending will account for 19.7 percent of the U.S. economy, up from 17.7 percent now. (Image: Shutterstock)
A recent study published in Health Affairs projects that health care spending will grow at an average annual rate of 5.4 percent over the next decade.
The analysis, which was authored by researchers at the Centers for Medicare and Medicaid Services, was published on March 24, a week-and-a-half after President Trump declared a national emergency over the coronavirus. However, it does not take into account the impact that COVID-19 may have on health care spending over the next year or two.
The report projects that health spending would increase by 5.2 percent in 2020, up from 4.5 percent in 2019 and 4.6 percent in 2018.
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