HealthExec December 14, 2023
Hospital care consumed $1.4 trillion in 2022. That figure accounted for 30% of the total U.S. healthcare spend, $4.5 trillion, more than any other single category of care delivery.
The hospital piece represented a 2.2% bump over 2021, which seems modest compared with 2021’s increase of 4.5% over 2020.
Physicians and clinical services were second by proportion, soaking up 20% of the overall healthcare spend at close to $885 billion.
The figures were released Wednesday in a fact sheet posted by the Centers for Medicare & Medicaid Services.
CMS’s actuarial office reports that hospitals’ slowed growth rate reflect a slowdown in spending by CMS and private payers as well as a decline in other private revenues.
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