Health expenditures

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%...

The Office of the Actuary in the Centers for Medicare & Medicaid Services (CMS) annually produces projections of health care spending for categories within the National Health Expenditure Accounts, which track health spending by source of funds (e.g. private health insurance, Medicare, Medicaid), by type of service (hospital, physician, prescription drugs, etc.), and by sponsor (businesses, households, governments). The latest projections begin after 2014 and go through 2025.