Healthcare DIVE December 14, 2023
Healthcare spending grew 4.1% in 2022, faster than the 3.2% spending growth in 2021 but notably slower than the rate of 10.6% in 2020.
Dive Brief:
- Health spending growth started to normalize last year after volatility during the COVID-19 pandemic, when spending spiked as the federal government funneled funds into combating the pandemic.
- U.S. healthcare spending reached $4.5 trillion in 2022 — an all-time high, according to new CMS data published in Health Affairs. Though 2022’s spending growth of 4.1% was faster than the 3.2% spending growth in 2021, it’s notably slower than the rate of 10.6% in 2020.
- Strong growth in Medicaid and private insurance spending last year was offset by declining federal spending as the pandemic eased,...
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