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US Health Spending Hits $4 8 Trillion, Insurance Coverage Peaks in 2023 Projections

New estimations show a historic increase in health spending last year, which is projected to account for 19.7% of the gross domestic product by 2032.

Jacquelinea fioreJoe bidenHistoric highs in healthHealth newsHealth affairsHealth aff millwoodOffice of the actuaryHealth expendituresImage creditFamilies first coronavirus response actInflation reduction actReduction act

CMS: National health spending grew 7 5% in 2023 to $4 8T

Record-high insurance coverage rates alongside other trends like high utilization pushed health spending past the nominal GDP growth rate in 2023.

Jacquelinea fioreCenters for medicare medicaid servicesOffice of the actuaryHealth affairsMedicaid servicesInflation reduction act

National health spending reached $4 8T last year, CMS actuaries estimate

Healthcare

United statesAndrew madisonOffice of the actuaryHealth affairsAffordable care act

Hospitals push back on woefully inadequate inpatient pay bump

Major hospital groups aired critiques of CMS' planned changes to inpatient pay, Medicare DSH calculations and medical residency training programs.

United statesOffice of the actuaryCenters for medicareAmerican hospital associationMedicaid servicesFederation of american hospitalsEpisode accountability modelInpatient prospective payment systemsEssential hospitalsAmerican hospitalsDisproportionate share hospitalAdministrative procedure actTransforming episode accountability model

federalregister.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from federalregister.gov Daily Mail and Mail on Sunday newspapers.

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