4sight Health January 13, 2026
As we start another new year, it’s time again to ask whether healthcare has gotten more affordable for consumers. We’ll let the numbers from several credible sources answer the question.
Out-of-Pocket Healthcare Spending Up 7.2%
In December 2024, the Centers for Medicare and Medicaid Services (CMS) released its latest annual report on actual, or historic, national health expenditures. CMS said personal healthcare expenditures jumped 9.4% in 2023 to about $4.1 trillion. That’s nearly double the 4.9% increase in 2022. Meanwhile, out-of-pocket healthcare spending by consumers rose 7.2% in 2023 to about $505.7 billion. That’s up from a 6.9% increase in out-of-pocket healthcare spending by consumers in 2022.
Is healthcare becoming more affordable for consumers? According to this CMS report, the...
Today's Sponsors
Today's Sponsor