Healthcare spending is projected to rise modestly over the next decade

The total amount America spends on healthcare will rise modestly over the next decade, continuing a trend that began during the recession, according to new projections from government economists. However, national health spending is still expected to outpace economic growth, threatening to make medical care increasingly unaffordable. And by 2024, healthcare is projected to consume 19.6% of the economy, up from 17.4% in 2013, said the report, published in the journal Health Affairs. “These trends are in contrast to … when health spending growth remained at near historic low rates” during and after the last recession, independent actuaries at the federal Department...