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National Health Expenditure Projections, 2024-33: Despite Insurance Coverage Declines, Health To Grow As Share Of GDP
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National Health Expenditure Projections, 2024-33: Despite Insurance Coverage Declines, Health To Grow As Share Of GDP
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Journal Article
National Health Expenditure Projections, 2024-33: Despite Insurance Coverage Declines, Health To Grow As Share Of GDP
2025
Overview
National health expenditures are projected to have grown 8.2 percent in 2024 and to increase 7.1 percent in 2025, reflecting continued strong growth in the use of health care services and goods. During the period 2026-27, health spending growth is expected to average 5.6 percent, partly because of a decrease in the share of the population with health insurance (related to the expiration of temporarily enhanced Marketplace premium tax credits in the Inflation Reduction Act of 2022) and partly because of an anticipated slowdown in utilization growth from recent highs. Each year for the full 2024-33 projection period, national health care expenditure growth (averaging 5.8 percent) is expected to outpace that for the gross domestic product (GDP; averaging 4.3 percent) and to result in a health share of GDP that reaches 20.3 percent by 2033 (up from 17.6 percent in 2023).
Publisher
The People to People Health Foundation, Inc., Project HOPE
Subject
/ Families First Coronavirus Response Act 2020-US
/ GDP
/ Gross Domestic Product - statistics & numerical data
/ Gross Domestic Product - trends
/ Health Expenditures - statistics & numerical data
/ Health Expenditures - trends
/ Humans
/ Inflation Reduction Act 2022-US
/ Insurance Coverage - economics
/ Insurance Coverage - statistics & numerical data
/ Insurance, Health - economics
/ Insurance, Health - statistics & numerical data
/ Markets
/ Taxation
