National Healthcare Spending in the U.S. Was Nearly $5 Trillion (with a “T”) in 2023 – New...
Health Populi December 18, 2024
Healthcare expenditures rise on increased coverage and utilization
Healthcare Finance News December 18, 2024
Much of the growth in private health insurance was due to rapid growth in marketplace enrollment, as a result of enhanced subsidies.
Healthcare spending is higher than before the pandemic and is being driven by increases in insurance coverage and utilization, according to new analysis released Wednesday by the Office of the Actuary at the Centers for Medicare and Medicaid Services and published by Health Affairs.
In 2023, healthcare spending in the United States reached $4.9 trillion and increased 7.5%, growing from a rate of 4.6% in 2022, the report said. This is higher growth than before the pandemic, officials said.
Private health insurance represented a 30% share of healthcare spending. It reached $1.5 trillion in 2023 and increased 11.5%....
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