Healthcare Economist December 17, 2023
It appears that health care spending as a share of GDP has leveled off. While reaching close to 20% of GDP during the pandemic, 2022 had health care spending (17.3% of GDP) more in line with pre-pandemic norms. Hartman et al. (2023) reports:
Health care spending in the US grew 4.1 percent to reach $4.5 trillion in 2022, which was still a faster rate of growth than the increase of 3.2 percent in 2021 but was much slower than the rate of 10.6 percent seen in 2020. In 2022, strong Medicaid and private health insurance spending growth, including a turnaround in the net cost of insurance, was somewhat offset by continued declines in federal spending...
Today's Sponsors
Today's Sponsor