Health care spending is a crucial part of the U.S. economy and it is expected to grow to $1.4 trillion by 2026, according to the most recent estimate from the Office of Management and Budget.
But that growth is projected to slow as the aging population, higher health care costs and the financial crisis hit the U, leaving the country with only a $600 billion shortfall for the year, according a new report from the Brookings Institution.
“The data show that the growth of health care is slowing,” said Mark Zandi, chief economist at Moody’s Analytics.
“This is a big reason why the U has to get back to basics.”
While the economy is in the midst of a period of slow growth, there is still hope for the health care industry.
The report found that health care has grown faster in the past decade than the private sector and has risen faster than wages.
But the health-care sector is not growing as fast as the private economy, and it was also growing slower than wages, Zandi said.
“If you look at what’s happening with the private health care sector and what’s going on in health care in the U., you see that there’s been a lot of slack,” Zandi added.
“We are in a time where we need to be focusing on how we’re going to get to a more balanced health care system, one that is healthy and effective for patients and doctors.”
While health care still accounts for about a third of all federal spending, Ziski said, the U was already well ahead of most other industrialized nations in health-related spending, including education, education funding, research and development and social services.
Health care spending grew at an annual rate of 3.4 percent from 2001 to 2014, according the report.
The U.N. report noted that while the U government’s health spending was up about 10 percent in the years that followed the financial downturn, it was still behind other industrialized countries, such as France and the United Kingdom.
While the UGDP is expected grow by 3.6 percent in 2024 and 2024 is forecast to be the worst year for health care since World War II, the report found it will take at least another year for the U to regain its previous position of fourth in the rankings.
The slowdown in health spending is not just happening in the private industry, but also in the public sector, where the government spent more on health care than in any other sector during the recession, according, the Brookings report.
“This has been the biggest health-reform challenge in the United States for 20 years,” said David R. Gaffney, the director of the Center for Health Policy Studies at the University of Pennsylvania.
“It has been a challenge because we have a relatively small public sector that is not very effective in supporting the health system, and we have an enormously large private sector that has not been able to manage its costs effectively.”
There is a lot that can be done to help.”