State Legislatures Pursue Policies to Address High Health Care Prices

State Legislatures Pursue Policies to Address High Health Care Prices

According to national health expenditure data, the U.S. trend of increased health care spending continued in 2023, growing 7.5% higher than in 2022 to $4.9 trillion, with expectations for higher spending in 2024. High and rising prices of hospital in- and outpatient services, as well as for prescription drugs are outpacing the growth of other goods in the economy and contributing to the climbing health care costs. The same national data further …