Health Care Spending Bounces Back, but Still Falls 1% Year Over Year

Although health care utilization started to rebound toward the end of 2020, spending on health care services was down by 1.0% in 2020 compared to 2019, according to a recent analysis by the Kaiser Family Foundation. Among health care facilities, outpatient care centers and physicians’ offices saw drops in revenue year-to-date, while revenue for laboratories and nursing homes went up. The analysis also compared health spending in the quarter before, the quarter of and the four quarters following the beginning of economic recessions, and found that the COVID-19 recession is the first of the past five during which health spending has decreased year over year.

0 Comments
© 2021 MMIT

Jinghong Chen Reporter

Jinghong produces infographics and data stories on health insurance and specialty pharmacy for AIS Health. She graduated from Missouri School of Journalism with a focus on data journalism and international reporting. Before joining AIS in 2018, she worked at WBEZ, Al Jazeera English and The New York Times Chinese.

Related Posts

https://www.mmitnetwork.com/wp-content/uploads/2021/10/WordPress-Featured-Image-health-plan-weekly-With-COVID-Testing-Set-to-Surge-Insurers-Fret-About-Costs.jpg
October 22

With COVID Testing Set to Surge, Insurers Fret About Costs

READ MORE
https://www.mmitnetwork.com/wp-content/uploads/2021/10/WordPress-Featured-Image-health-plan-weekly-Could-Payers-Plan-Sponsors-Pick-Retail-‘Dance-Partners.jpg
October 22

Could Payers, Plan Sponsors Pick Retail ‘Dance Partners?’

READ MORE
https://www.mmitnetwork.com/wp-content/uploads/2021/10/WordPress-Featured-Image-health-plan-weekly-UnitedHealthcare-Cigna-Join-‘Virtual-First-Health-Plan-Fray.jpg
October 22

UnitedHealthcare, Cigna Join ‘Virtual-First’ Health Plan Fray

Read More

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today