US healthcare spending climbed 7.2% in 2024: 8 things to know

Kelly Gooch / beckershospitalreview - U.S. healthcare spending reached $5.3 trillion in 2024, a 7.2% increase from $4.9 trillion the previous year, and similar to 7.4% growth in 2023, according to a CMS analysis published Jan. 14 by Health Affairs. Eight things to know, per the analysis: 1. H…

AI Summary: New data released by CMS reveals that US healthcare spending reached an all‐time high of $5.3 trillion in 2024, with a 7.2% increase driven largely by enhanced utilization and heavier use of medical services. The report underscores persistent growth trends in spending despite ongoing cost‐containment efforts.

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