Medical Economics May 18, 2022
Overall health spending grows more slowly than GDP
A report from Altarum showed that national health spending is growing more slowly than GDP, with spending in March growing by 4.8% compared to year over year. For the first quarter of 2022, national health spending was 4.9% above the 2021 level and would have been 7.1% higher in the absence of government support.
In comparison, GDP in March was 9.7% higher than in March 2021. For the first quarter of this year, it was 10.6% higher than first quarter 2021.
According to the report, this difference in growth rates is partly attributable to the decline in federal government support via the Paycheck Protection Program, the Provider Relief Fund, and the Public...
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