Industry Note: Aging Boomers Projected to Impact Medicare Spending Significantly

Article Overview

This industry note reviews a CMS Office of the Actuary release projecting national health expenditure growth from 2018 through 2027. It explains the broad economic and demographic forces behind the forecast, including the aging of baby boomers into Medicare, and compares expected spending growth across Medicare, Medicaid, private coverage, physician and clinical services, hospitals, and prescription drugs. The article is relevant to coders, billing teams, revenue cycle staff, healthcare administrators, and analysts who track policy-driven payment and utilization trends. It provides high-level context for how CMS expects healthcare spending patterns to shift over the projection period.