National Health Expenditures 2022 Highlights

The Centers for Medicare & Medicaid Services (CMS) recently shared information on national health expenditures in 2022, highlighting a 4.1% growth in U.S. health care spending to $4.5 trillion. This growth, while faster than the increase of 3.2% in 2021, was notably slower than the substantial increase of 10.6% witnessed in 2020. CMS noted the growth in 2022 reflected strong growth in Medicaid and private health insurance spending that was somewhat offset by continued declines in supplemental funding by the federal government associated with the COVID-19 pandemic. The fact sheet also notes that in 2022, the insured share of the population reached a historic high of 92%...