US health spending set to reach $9T by 2034: CMS report

U.S. healthcare spending is set to climb to $9 trillion by 2034, representing 20.6% of the economy, according to new federal data. | U.S. healthcare spending is set to climb to $9 trillion by 2034, representing 20.6% of the economy, according to new federal data. Actuaries cited prescription drugs as a near-term driver of utilization and cost.