Becker's Healthcare December 15, 2021
Healthcare spending in the U.S. increased 9.7 percent to $4.1 trillion, or $12,530 per person, in 2020, largely driven by an infusion of federal money to respond to the COVID-19 pandemic, according to a CMS analysis published Dec. 15 in Health Affairs.
Seven things to know:
1. The growth rate in 2020 was the largest jump recorded since 2002 and was more than double the 4.3 percent growth in healthcare spending seen in 2019.
2. CMS said the overall health spending in 2020 was higher for three main reasons: provider assistance programs like the Provider Relief Fund and Paycheck Protection Program; increased federal public health spending; and growth in federal Medicaid payments.
3. The share of the economy devoted...
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