Health care spending in the US topped $4 trillion in 2020, CMS says

Health care spending in the US topped $4 trillion in 2020, CMS says

Health care spending in the United States increased 9.7% from 2019, reaching $4.1 trillion in 2020, or $12,530 per person, according to CMS.“To give a sense of the magnitude of this funding, if we exclude spending for other federal programs and federal public health expenditures, the increase in total national health care spending would be just 1.9% in 2020, as compared to the 9.7% when it is included,” Micah Hartman, a statistician in CMS’s Office of the Actuary, said during a virtual press conference.Hartman continued, “this is not to say what health care spendingRead More

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