CHCF February 12, 2022
National health spending in 2020 increased 9.7% from 2019 to $4.1 trillion. The increase was largely driven by increases in federal spending during the COVID-19 pandemic. Excluding federal public health and other federal program spending, national expenditures increased just 1.9% in 2020 after an increase of 4.3 percent in 2019. A 2.2% reduction in GDP raised health care’s share of the economy to 19.7%, up from 17.6% in 2019. Health care spending averaged $12,530 per person, up from $11,462 in 2019.
Key findings about US health spending in 2020 include:
- US health spending increased by 9.7% in 2020, the largest annual increase since 2002 and double the 4.3% growth rate in 2019.
- Both out-of-pocket and private insurance spending declined...
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