Healthcare Innovation June 12, 2024
The insured share of the population hit all-time high in 2023 and is expected to remain above 90 percent through 2032
National health spending for 2023 is projected to have grown at a rate of 7.5 percent, with expenditures reaching $4.8 trillion, according to a study from the Office of the Actuary (OACT) at the Centers for Medicare and Medicaid Services (CMS). Health spending over the course of 2023–32 is expected to grow 5.6 percent per year on average, leading to a projected $7.7 trillion in overall spending by 2032.
National health spending is expected to have outpaced nominal economic growth in 2023, causing a slight increase in the projected health spending share of gross domestic product (GDP) from 17.3...
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