Becker's Healthcare December 18, 2024
In 2023, U.S. healthcare spending reached $4.9 trillion, reflecting a 7.5% increase — up from 4.6% growth the year prior — according to a new CMS analysis published online Dec. 18 by Health Affairs.
Eight things to know, per the analysis:
1. The year-over-year uptick in healthcare spending growth reflected growth in non-price factors, such as use and intensity of services.
2. When accounting for healthcare price inflation using the National Health Expenditure deflator, real healthcare spending increased by 4.4% in 2023, outpacing the 1.4% growth seen in 2022.
3. 2023’s 4.4% real healthcare spending growth rate also outpaced the 2.9% growth rate of real GDP for the year.
4. In 2023, private health insurance...
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