The United States spent 7.5% more ($4.9 trillion) on healthcare in 2023, according to The Centers for Medicare & Medicaid Services (CMS) Office of the Actuary’s (OACT) 2023 National Health Expenditures (NHE) Report.
CMS defined this as spending $14,570 per person. Spending remained lower than it was during the COVID-19 pandemic.
This jump was larger than the 4.6% rise in 2022, according to a CMS release. Additionally, “The faster growth in 2023 reflected increased use of healthcare goods and services, including strong growth in private health insurance and Medicare.” The amount of the population insured “reached 92.5%, as enrollment in private health insurance increased at a strong rate, and Medicaid enrollment remained at a relatively high level in 2023.”
