US health care spending in 2022
Healthcare ECONOMIST
DECEMBER 17, 2023
It appears that health care spending as a share of GDP has leveled off. While reaching close to 20% of GDP during the pandemic, 2022 had health care spending (17.3% of GDP) more in line with pre-pandemic norms. Hartman et al. (2023) reports: Health care spending in the US grew 4.1 percent to reach $4.5 trillion in 2022, which was still a faster rate of growth than the increase of 3.2 percent in 2021 but was much slower than the rate of 10.6 percent seen in 2020.
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