National Healthcare Spending Free Essay, Term Paper and Book Report
National Health Care Spending
The Financial Management of Medicaid
While still the greatest in the world, our healthcare system is stretched and stressed to the point of nearly breaking, Health and Human Services Secretary Tommy Thompson said. Health care spending in the United States is projected to reach $2.8 trillion in 2011, up from $1.3 trillion in 2000, according to a report by the Centers for Medicare and Medicaid Services (CMS). The report projects that for the entire 2001-2011 period; health spending is expected to grow at an average annual rate of 7.3 percent. (CMS, 2002) Although hospital spending contributed the most in absolute terms to the overall health spending increase, prescription drug spending grew at the fastest rate of any spending category, although the rate is slowing. Reasons for this projected deceleration include weaker disposable income from a slowing economy, a declining impact of direct-to-consumer advertising resulting from few introductions of blockbuster drugs over the next several years, and insurers and employers continued move towards cov......
Word Count: 1118
Page Count: 4.4 (250 words a page / double spaced)
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