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U.S. Healthcare Spending Increased by 4.6% in 2019

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Key Takeaways

  • Healthcare spending in the United States increased 4.6% in 2019, which was a similar rate of growth as that seen in 2018.
  • In 2019, healthcare spending in the United States increased 4.6% to reach $3.8 trillion.
  • The faster growth was driven by accelerated spending growth for hospital care, retail prescription drugs, and physician and clinical services and was offset by a decrease in the net cost of health insurance.

HealthDay News–Healthcare spending in the United States increased 4.6% in 2019, which was a similar rate of growth as that seen in 2018, according to a report published in Health Affairs.

Anne B. Martin, from the Centers for Medicare & Medicaid Services in Baltimore, and colleagues describe U.S. healthcare spending in 2019, based on health expenditure data through 2019.

The researchers note that in 2019, healthcare spending in the United States increased 4.6% to reach $3.8 trillion ($11,582 per person), which was similar to the growth rate experienced in 2018 (4.7%) and consistent with the 4.5% growth rate observed since 2016. In 2019, the share of the gross domestic product devoted to health care spending was stable at 17.7%, similar to 17.6% for 2018.

Faster growth in personal healthcare spending, including healthcare goods and services, accounted for 84% of total healthcare spending in 2019 and increased 5.2%; the faster growth was driven by accelerated spending growth for hospital care, retail prescription drugs, and physician and clinical services and was offset by a decrease in the net cost of health insurance.

“The full impact of the pandemic on the health care sector is still not known, but it will certainly have profound consequences on the provision and consumption of health care in 2020 and perhaps beyond,” Martin said in a statement.

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