Becker's Healthcare December 13, 2023
CMS estimated that U.S. healthcare spending grew 4.1% in 2022 to $4.5 trillion, Health Affairs reported Dec. 13.
Eight things to know, according to the report:
1. The 4.1% increase in healthcare spending was much slower than growth in the nominal gross domestic product, which increased 9.1%.
2. The share of the economy devoted to healthcare spending, as measured by the GDP, declined to 17.3%, lower than the 18.2% share in 2021 and the highest share in history of 19.5% in 2020.
3. Healthcare spending growth was faster than the 3.2% growth in 2021 but much slower than the 10.6% rate in 2020.
3. The growth in healthcare spending in 2022 reflected a slowdown in personal...
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