Short-term trends will be influenced by the diminishing severity of the COVID-19 pandemic and the end of massive federal support for the healthcare system during a public health emergency, written by actuaries. Likewise, related economic conditions have fueled a large increase in Medicaid enrollment, which states are steadily declining. Over time, policy changes such as provisions of the Inflation Reduction Act of 2022 that target prescription drug costs will tend to constrain spending while others, such as increased subsidies health insurance exchanges, will tend to increase spending, according to the Office of Estimation.
Spending on hospitals is expected to grow by an average of 5.8% annually over the 10-year period, compared with 5.3% for physicians and clinical services and 4.6% for prescription drugs. prescription, calculation project. According to the report, by 2031, hospital spending will reach $2.34 trillion.
The private sector, including businesses and households, will cover 51% of health costs by 2031, slightly less than the current rate, while the government will fund the rest. Health insurers will spend $2.06 trillion on health care by 2031, compared with Medicare’s $1.85 trillion and Medicaid’s $1.2 trillion, experts predictive calculation.
