U.S. Health Spending Could Climb to 19.7% of GDP by 2028

March 30

Total U.S. health care spending is projected to increase at an annual average rate of 5.4% over the next decade, reaching $6.2 trillion by 2028, according to CMS. Health expenditures’ share of Gross Domestic Product will rise from 17.8% in 2019 to 19.7% in 2028, as health spending growth will be 1.1 percentage points faster than that of GDP, on average, over the 2019-28 period. According to the forecast, average annual spending growth in Medicare will be the fastest, due to higher projected enrollment growth.

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Health Plan Weekly

Jinghong Chen Reporter

Jinghong has been producing infographics and data stories on employer-sponsored insurance, public health insurance programs and prescription drug coverage for AIS Health’s Health Plan Weekly and Radar on Drug Benefits since 2018. She also manages AIS Health’s annual executive compensation database for top insurers and Blue Cross and Blue Shield affiliates. Before joining AIS Health, she interned at WBEZ, Al Jazeera English and The New York Times Chinese. She graduated from Missouri School of Journalism with a focus on data journalism and international reporting.