Healthcare spending reached nearly $5 trillion in 2023, growing by 7.5% from the prior year, according to new data from the federal government. The Centers for Medicare & Medicaid Services Office of the Actuary released its annual National Health Expenditure report on Wednesday, where it found that total health spending in 2023 was $4.9 trillion, accounting for 17.6% of the total U.S. economy. The study found that spending in the private insurance sector as well as Medicare grew at a faster rate than in 2022, while spending and enrollment growth in Medicaid slowed with the end of the COVID-19 public health emergency.
Read the full article: CMS: Health Spending Grew by 7.5% in 2023 amid Increase in Insurance Coverage, Care Utilization //
Source: https://www.fiercehealthcare.com/finance/cms-health-spending-grew-75-2023-amid-increase-insurance-coverage-care-utilization