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are expected to reach $6 trillion by 2027, representing roughly 18% of the GDP. This API-first approach will be driven by health plans needing to perform with Medicare Advantage and managed Medicaid. MA and Medicaid plans will be working overtime to harvest data and influence rating outcomes.
Fraud and abuse, waste between $59 bn and $84 bn; and, Administrative complexity, wasting about $266 bn each year. The Centers for Medicare and Medicaid Services (CMS) forecasts that prescription drug spending will be the fastest-growing cause of rising health spending by 2027.
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