MedPage Today December 18, 2024
— Spending reached $4.9 trillion, with spending on physician and clinical services up 7.4%
Health spending in the U.S. rose by 7.5% in 2023, to $4.9 trillion, compared with an increase of 4.6% in 2022, according to figures released Wednesday by CMS.
“Much of the growth came from faster growth and spending [by] private health insurance, which increased 11.5%, and Medicare, which increased 8.1%,” Anne Martin, of the CMS Office of the Actuary, said during a briefing sponsored by Health Affairs. “For Medicaid, although spending and enrollment continue to increase, the rates of growth were lower in 2023 compared with 2022 — Medicaid spending grew by 7.9% in 2023 compared with 9.7% growth in 2022.”
This faster growth occurred in...
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