Hospice News January 14, 2026
The nation’s total estimated health expenditures in 2024 saw the fastest rate of growth since 1991, the U.S. Centers for Medicare & Medicaid Services (CMS) reported.
In 2024, U.S. health care spending reached $5.3 trillion, up 7.2% year over year. In 2023, those expenditures rose by 7.4%. The 2024 amount represents a cost of $15,474 per person and represents 18% of the U.S. economy. The rate of spending in 2024 grew faster than the nation’s gross domestic product, which rose by 5.3%.
Rising health care utilization is the most significant driver of the spending increases, according to CMS. One key factor is that utilization is bouncing back from declines that occurred during the COVID-19 pandemic, according to Micah Hartman, a...
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