National Health Care Expenditures Grew Steadily in 2019

Total U.S. health care spending increased 4.6% to reach $3.8 trillion in 2019, according to CMS’s Office of the Actuary. Medicare spending experienced a higher growth rate in 2019 than in 2018, increasing by 6.7% compared with 6.3%. Meanwhile, private health insurance spending growth slowed from 5.6% in 2018 to 3.7% in 2019. The relatively stable rise in overall health care expenditures reflected faster growth in spending for hospital care, physician and clinical services, and retail prescription drugs, which was offset by a decline in the net cost of health insurance due to a suspension of the health insurance tax in 2019.

0 Comments
© 2024 MMIT
AIS Health Staff

AIS Health Staff

Related Posts

uhc-building
April 19

UnitedHealth — Mostly — Calms Jittery Analysts With 1Q Earnings Report

READ MORE
stock-ticker
April 19

Elevance Again Beats Utilization Blues, Launches Primary Care PE Deal

READ MORE
businessman-viewing-news-update-journalism-headline-on-a-laptop
April 19

News Briefs: Politicians Probe Change Cyberattack

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