The CMS NHE 2023 Report: An Incomplete Picture at a Pivotal Time

Keckley Report December 23, 2024
Paul Keckley

Last Wednesday, the Center for Medicare and Medicaid Services (CMS) released its National Health Expenditures (NHE) Report for 2023. Media headlines focused on these results:

• NHE grew 7.5% to $4.9 trillion in 2023 to $14,570 per person and 17.6% of Gross Domestic Product (GDP). The GDP grew 6.1% in the same period.
• From 2022 to 2023, Medicare spending grew 8.1% to $1,029.8 billion or 21% of total NHE. Medicaid spending grew 7.9% to $871.7 billion or 18% of total NHE. Private health insurance spending grew 11.5% to $1,464.6 billion or 30% of total NHE. Out of pocket spending grew 7.2% to $505.7 billion or 10% of total NHE.
• From 2022 to 2023, hospital expenditures grew 10.4% to $1,519.7 billion...

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