Silver Book reference

Health Spending Projections Through 2015: Changes on the horizon

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    • In 2004, national health expenditures were approximately $1.88 trillion.  
    • Growth in public spending on personal health care, which is projected to be 8% in 2005, is expected to continue to outpace growth in private spending.  
    • This year’s outlook for national health spending calls for growth to average 7.2% over the coming decade — 2.1 percentage points faster than projected average annual growth in GDP over…  
    • Public spending represents 3/4 of home health spending and is expected to grow to more than 80% by 2015.  
    • Total hospital spending growth is expected to stay an average of 2% higher than GDP growth between 2006 and 2015.  
    • By 2015, spending on nursing home and home health care is expected to double from 2004 to $320.5 billion.  
    • By 2015, national health expenditures are projected to surpass $4 trillion.  
    • In 2004, nursing home and home health care cost the nation $158.4 billion.  
    • Health spending is projected to consistently outpace the gross domestic product (GDP) over the next decade, growing from 16% of the GDP in 2004 to 20% in 2015.