U.S. Health Spending Topped $5 Trillion in 2024, CMS Says

U.S. Health Spending Topped $5 Trillion in 2024, CMS Says

(MedPage Today) -- Healthcare spending reached $5.3 trillion in 2024, an increase of 7.2% over the previous year, CMS said Wednesday. This marks the second consecutive year of growth above 7%, following an increase of 7.4% in 2023, the agency...

Health care spending reaches $5.3 trillion, or 18% of U.S. economy, in 2024

CMS tallies annual expenditures that include $1.1 trillion for physician and clinical services.

Utilization, intensity drove US health spending to $5.3T in 2024: CMS

The U.S. spent 7.2% more on healthcare in 2024. Most of the acceleration was because of greater use and intensity of medical goods and services, not growth in healthcare prices, CMS actuaries said.

U.S. healthcare spending rises 7.2% to $5.3 trillion in 2024

National health expenditures rise 7.2% in 2024, reaching $5.3 trillion

United States health care spending rose to $5.3 trillion in 2024, accounting for 18% of the economy, as strong post-pandemic demand and high insurance coverage continued to drive costs upward.

Estimates show U.S. health spending grew 7.2% in 2024

U.S. health care spending reached $5.3 trillion in 2024 — growing 7.2% from 2023 — the Centers for Medicare & Medicaid Services reported Jan. 14 in Health Affairs. CMS cited non-price factors, including use and intensity of services, as the primary drivers of increased spending. Spending on hospital care increased 8.9% due to continued post-pandemic rebounds in service use.