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
© 2023 MMIT
AIS Health Staff

AIS Health Staff

Related Posts

doctor-holding-patient-hands
June 2

As COVID-Related Policies Expire, Health Coverage May Reshuffle

READ MORE
medicaid-application
June 2

CMS Tells States to Slow Down Medicaid Disenrollment as Florida, Arkansas Reports Raise Alarm

READ MORE
medical-billing
June 2

Stymied in Bid to Expand Site-Neutral Pay Policies, Payers Support Transparent Billing

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