In an ahead-of-print article published [Dec. 18], Anne B. Martin and colleagues at the Centers for Medicare and Medicaid Services (CMS) released their 2023 health care spending report.
Key takeaways from the report include:
- Health care spending in the US continues to climb, with private insurance and Medicare leading the charge.
- The insured share of the population reached a high of 92.5% in 2023.
- Medicaid spending growth slowed as pandemic-related funding waned.
- State and local governments accounted for a larger share of health spending, while federal contributions declined.
And some tidbits from the article's Abstract:
- Health care spending in the US reached $4.9 trillion and increased 7.5 percent in 2023 [compared to our overall rate of inflation of 4.1%], growing from a rate of 4.6 percent in 2022.
- In 2023, the insured share of the population reached 92.5 percent, as enrollment in private health insurance increased at a strong rate for the second year in a row, and both private health insurance and Medicare spending grew faster than in 2022.
- For Medicaid, spending and enrollment growth slowed as the COVID-19 public health emergency ended.
- The health sector’s share of the economy in 2023 was 17.6 percent, which was similar to its share of 17.4 percent in 2022 but lower than in 2020 [19.7%] and 2021 [18.3%], during the height of the COVID-19 pandemic.
- State and local governments accounted for a higher share of spending in 2023 than in 2022, while the federal government share was lower as COVID-19-related funding declined and federal Medicaid spending growth slowed.
No comments:
Post a Comment