Increase In Healthcare Spending Projected

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A Wall Street Journal article, citing a report published by government officials, speculates that national healthcare spending is projected to increase in the next few years, While healthcare spending increased by only 3.6% in 2013, the report predicts this number will increase to 5.6% in 2014 and 6.0% every year between 2015 and 2023.

This anticipated growth would result from a combination of an improving economy, greater healthcare coverage provided by the ACA, and an aging population.

An increase in healthcare spending would obviously result in more patients visiting the doctor’s office and a greater demand for medical services. However, changes in the payment model and insurance reimbursement rates could affect how much of this increase in spending is seen by physicians.

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