McKnight’s Senior Living June 24, 2022
National health spending accounted for 18.1% of gross domestic product in April, but that figure has been declining steadily over the past several months, according to Altarum’s monthly Health Sector Economic Indicators brief, published Thursday.
In December, spending represented 18.7% of the GDP.
GDP in April 2022 was 9.7% higher than in April 2021 as growth continues to outpace health spending growth, Altarum said. The difference in growth mainly is due to the recent high rate of inflation, which has not yet had a major effect on health spending, the brief noted.
Additionally, national health spending in April grew by 6.5%, year over year. “In the absence of federal government support in 2021 and 2022, health spending would have grown...
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