Home Health Care News January 14, 2026
In 2024, the U.S. total health expenditures experienced the swiftest growth since 1991, according to the U.S. Centers for Medicare & Medicaid Services (CMS).
National health care spending reached $5.3 trillion in 2024, up 7.2% year over year. In 2023, those expenditures rose by 7.4%. The 2024 amount represents a cost of $15,474 per person and represents 18% of the U.S. economy. The rate of spending in 2024 grew faster than the nation’s gross domestic product, which rose by 5.3%.
Rising health care utilization is the most significant driver of the spending increases, according to CMS. One key factor is that utilization is bouncing back from declines that occurred during the COVID-19 pandemic, according to Micah Hartman, a statistician in...
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