Health Payer Intelligence December 15, 2023
National healthcare spending grew 4.1 percent in 2022 and Medicare and private payers experienced a slightly slower growth rate than the previous year.
In 2022, national health expenditures hit $4.5 trillion, a 4.1 percent increase, with a couple of key spending areas seeing growth rates return to pre-pandemic levels, CMS announced in a fact sheet.
Healthcare spending as a share of the gross domestic product (GDP) dropped to 17.3 percent, which is below the average for the three years before the COVID-19 pandemic (17.5 percent).
The growth rate was heavily influenced by spending in Medicaid and the private payer space. However, decreased federal spending on pandemic-era initiatives helped rein in spending growth. Federal spending on COVID-19 initiatives declined to $2.0...
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