American Medical Association March 21, 2023
Kevin B. O'Reilly News Editor

What’s the news: U.S. health spending growth fell by 8 percentage points in the second year of the pandemic, 2021. The nation’s rate of health spending growth was just 2.7% that year, down from 10.3% in 2020 and the slowest rate of growth since 2013. The 2021 rate of health spending growth also was lower than the pre-pandemic rates of 4.2% in 2019 and 4.6% in 2018.

Total health spending in 2021 was $4.3 trillion—nearly $13,000 per capita. Health spending accounted for 18.3% of the nation’s gross domestic product (GDP) in 2021, down from “the unprecedented 19.7% of GDP in 2020,” according to a newly published AMA Policy Research Perspectives report.

“The substantial acceleration in spending in...

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