Health Care Costs May Not Rise As Much as Projected

The Washington Post reported on new health care spending projections from the Centers for Medicare and Medicaid Services (CMS) which show spending rising to almost 20 percent of GDP by 2026 compared to 17.9 percent in 2016. It is worth noting that these projections have consistently overstated cost growth. For example in 2005, CMS projected that health care costs would rise to 19.6 percent of GDP in 2016.

The piece also notes that prescription drugs are projected to be the most rapidly growin...