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Continued Rise in Health Care Costs, Business and Industry Trends Analysis

Total Health Care Spending:  Total U.S. health care expenditures were projected to increase to $4.01 trillion in 2020, up from $3.82 trillion in 2019, according to the U.S. Centers for Medicare and Medicaid Services (CMS).  Growth in health care costs has been extraordinary.  In 1990, national health expenditures were only $696 billion.  By 2005, the amount had tripled to $1.98 trillion.  For 2028, the CMS projects spending of $6.2 trillion.  Health care costs are so enormous that they are crowding out investment in other vital areas such as infrastructure, transportation and scientific research. Mid-term projections for health care cost growth…

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