Health Care Costs to Increase by 5.8% Per Year, CMS Projects; Baby Boomers Worry About Long-Term Care

A new report, from the Office of the Actuary at the Centers of Medicare and Medicaid Services (CMS) in Baltimore, and published in the journal HealthAffairs on July 28, 2011, projects that overall U.S. health care costs will grow at an average rate of 5.8 percent per year over the next 10 years, while U.S. Gross Domestic Product (GDP) is projected to grow by only 4.7 percent per year over the same period.

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