February 2006

Projected slowdown in healthcare cost growth

Healthcare spending in the United States is projected to grow 7.4 percent in 2005 and 7.3 percent in 2006 surpassing $2 trillion, according to a report released by the Centers for Medicare and Medicaid Services (CMS).

Projections are updated each year based on the most recent available data, which is currently 2004 data. The 7.4 percent growth rate is 0.5 percentage points less than the 7.9 percent growth observed in 2004 and represents the third consecutive year of decelerating growth and is expected to continue in 2006.

The healthcare spending projection data can be found on the CMS Web site at www.cms.hhs.gov/NationalHealthExpendData/
03_NationalHealthAccountsProjected.asp

Source: Centers for Medicare and Medicaid, www.cms.hhs.gov

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