News Report | January 20, 2022
U.S. Health Care Spending Rose By 9.7% In 2020 To Reach $4.1 Trillion
Health care spending in the United States rose by 9.7% in 2020 to reach $4.1 trillion, up from $3.8 trillion In 2019. During the past year, spending by private health insurance and Medicare declined, while Medicaid spending increased. Private health insurance spending totaled $1.15 trillion, spending growth declined from 2.3% in 2019 to 1.2% in 2020; Medicare spending totaled $829.5 billion, and spending growth declined from 6.9% in 2019 to 3.5% in 2020. At the same time, Medicaid spending totaled $671.2 billion, and spending growth increased from 3.0% in . . .