Month: September 2024

US Health Care Spending by Payer and Health Condition, 1996-2016

Key Points Question  How does spending on different health conditions vary by payer (public insurance, private insurance, or out-of-pocket payments) and how has this spending changed over time? Findings  From 1996 to 2016, total health care spending increased from an estimated $1.4 trillion to an estimated $3.1 trillion. In 2016, private insurance accounted for 48.0% (95% CI, […]

Nine reasons for rising healthcare costs

The average American spends a considerable amount on healthcare each year. Premium increases, higher deductibles and copays, and soaring prescription drug prices can all impact medical costs. According to the Centers for Medicare & Medicaid Services (CMS), healthcare costs in 2023 skyrocketed to $4.8 trillion1. CMS expects national health expenditures to reach $6.8 trillion by 20302. With no end […]

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