Hospitals earn their keep as US healthcare spending hits $4.5T

HealthExec December 14, 2023
Dave Pearson

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.

Also contributing to the...

Today's Sponsors

Today's Sponsor