HealthLeaders Media November 28, 2022
National Health Expenditures grew by 9.7% to $4.1 trillion in 2020, according to CMS data, and accounted for almost 20% of the nation’s GDP.
COVID-19 and the resulting labor shortages, budget cuts, rising expenses, and inflation fueled the need for the government to step in and offer financial relief to hospitals and health systems. The CARES Act provided $175 billion in emergency funding for hospitals and other healthcare institutions, but it is unlikely there will be more federal aid to come, leaving it up to the states to provide much-needed financial assistance to these organizations.
Researchers for HometoHome.com, a resource for information on health and personal care, examined data from the U.S. Census Bureau to determine which states spend...