Health care spending seen doubling in 10 years
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U.S. spending on prescription drugs, hospital care and other health services is expected to double to $4.1 trillion over the next decade, up from $2.1 trillion in 2006, a government report released on Wednesday found.
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Medicare premiums for doctor visits will rise about 17.4 percent next year, the Bush administration said yesterday. The $11.60-a-month increase is the largest in the program&#39;s 40-year history.
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President BushÂs budget would more than double the co-payment charged to many veterans for prescription drugs.
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Employee health insurance premiums shot up 11.2 percent in 2004, the fourth straight year of double-digit growth, a new survey found.
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If this year follows the pattern of recent history, the most common change most workers will see is a rise in the cost of health insurance.
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Spending on research will more than double this year, with a growing amount coming from the private sector.
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Health care is expected to account for $1 of every $5 spent in the United States in another decade.
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The annual report by the Canadian Institute for Health Information on health spending shows that health spending in the country is expected to reach $130.3 billion in 2004, a 5.9% increase over last year and the lowest annual increase in the last seven
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National health spending soared above $2 trillion for the first time in 2006 and has nearly doubled in the last decade.
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Prepare to dedicate more of your budget to healthcare: The nation is expected to be spending $1 of every $5 on it by the end of the decade.
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President Bush is not giving up on his call to overhaul the tax code for those who buy health insurance. The president focused his attention again on the topic after a recent government report projected that health care spending would double by the year 2016. Analysts say current tax policy is contributing to the increase in spending through incentives that favor more comprehensive and expensive health benefits.
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The growth in health care spending by private employers slowed in recent years, creating some optimism that the employers had turned the corner in their struggle with rising costs.
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Health plan costs are expected to rise at a slightly faster rate in 2008, after three years of flat growth, according to preliminary results of a new survey.
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Employer-sponsored health insurance premiums rose 11.2 percent this year, registering the fourth consecutive double-digit annual increase and pushing the cost of family coverage under the most common type of plan past $10,000, according to a new survey.
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Massachusetts health insurers are predicting their rates will increase by about 10 percent next year for most residents covered through employer health plans, marking the eighth consecutive year of double-digit premium hikes.
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Annual growth in U.S. health-care spending increased slightly in 2006 and continued to outpace inflation and the nation's overall economic growth, government researchers said in a report released on Tuesday.
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The Bush administration has increased spending on community health centers by hundreds of millions of dollars since 2001, helping to open or expand more than 500 of the facilities and extending basic medical services to 4.5 million people.