Healthcare Finance News June 13, 2024
Because of increasing use of hospital services, growth also accelerated in 2023 for nearly all payers, says Office of the Actuary.
Over the next eight years, hospital spending is expected to grow at an average rate of 5.7% a year, according to 2023-2032 National Health Expenditure Projections released by the Centers for Medicare and Medicaid Services.
In 2023, hospital spending growth accelerated for nearly all payers because of increasing use.
Hospital spending is expected to have grown 10.1% in 2023, which is substantially higher than 2022’s 2.2%, according to a 2023-2032 projections report in Health Affairs.
Physician and clinical-services spending growth is projected to have reached a peak of 8.4% percent in 2023 (compared with 2.7% in 2022) and to...
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