KFF’s Matthew McGough, Aubrey Winger, Nisha Kurani, and Cynthia Cox reported on October 7 that the per capita health spending growth is projected to slow slightly in 2025. “In 2024, per capita health spending growth is estimated to have slowed to 4.5%,” the authors concluded. Growth is expected to slow further over the coming years.
Healthcare Innovation’s David Raths wrote in June, based on a study from the Office of the Actuary (OACT), that health spending over the course of 2023–32 is expected to grow 5.6 percent per year on average, leading to a projected $7.7 trillion in overall spending by 2032.
Furthermore, the KFF’s authors noted, “CMS actuaries expect per capita out-of-pocket spending growth to average 3.5 percent from 2025 to 2032.” They also emphasized that the growth in per-enrollee Medicare spending is expected to slow starting in 2025.
Actuaries from the Centers for Medicare and Medicaid Services (CMS) project future health spending yearly.
About the Author
Pietje Kobus
Pietje Kobus has an international background and experience in content management and editing. She studied journalism in the Netherlands and Communications and Creative Nonfiction in the U.S. Pietje joined Healthcare Innovation in January 2024.