Medicare spending is estimated to have surged by 8.4% in 2023, exceeding $1.0 trillion in expenditures, marking an acceleration from the 5.9% growth rate in 2022, according to the Health Affairs ...

Healthcare spending in the U.S. is projected to have risen 7.5% in 2023 to $4.8 trillion, federal data showed on Wednesday, outpacing the projected annual gross domestic product growth rate of 6.1%.

Spending on retail prescription drugs had the biggest increase, rising 11.4% to $449.7 billion after a 7.8% rise in 2022, largely due to the use of weight-loss and diabetes drugs, a CMS official ...

Spending on private health insurance is projected to have grown by 1.1% to US$1.4 trillion. The estimated healthcare spending per person stood at about US$14,423 in 2023 and US$15,074 in 2024.

U.S. healthcare spending rose by 7.5% to $4.9 trillion in 2023, driven by increased use of medical services as enrollment climbed for private health plans, particularly those under the Affordable ...

U.S. health care spending increased 2.7 percent in 2021, reaching $4.3 trillion or $12,914 per person, according to CMS.

During the peak COVID timeframe in 2021, the U.S. spent nearly $4.3 trillion on health care. Government insurance programs, such as Medicare and Medicaid, made up 42% (or a whopping $1.8 trillion ...

U.S. healthcare spending grew to $3.8 trillion in 2019, which equates to $11,582 per person, according to an analysis by CMS' Office of the Actuary released Dec. 15.