Home Health Care News February 18, 2021
For the first time in decades, U.S. health care spending may have actually decreased in 2020, new data suggests.
Several factors likely contributed to the potential decrease, according to nonprofit research and consulting firm Altarum, which released a preliminary analysis of last year’s national health spending on Tuesday. Such factors include year-over-year declines in hospital and nursing home care, along with an increase in home health care.
“[Spending] on prescription drugs and home health care actually increased for the year, the latter likely related to individuals selecting home care rather than nursing homes to avoid exposure,” the Altarum analysis reads.
Specifically, Altarum economists estimate that national health spending in 2020 was 2% lower than in 2019, a decline of about...
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