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National Health Spending — 2024 Edition

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National Health Spending: 2024 Edition provides a detailed look at national health spending in 2022, projections for the next decade, and age and gender data as of 2020. National health care spending totaled $4.5 trillion in 2022, or $13,493 per person. In 2022, health care spending increased 4.1%, slightly more than the 3.2% increase in 2021. Health care accounted for 17.3% of gross domestic product (GDP) in 2022, down from 18.2% in 2021.

National health spending is projected to grow at an average annual rate of 5.6% between 2023 and 2032, slightly higher than the GDP’s 4.3%. By 2032, health care spending is expected to reach $7.7 trillion and account for a fifth of GDP (19.7%).

Key Findings Include

  • Health spending per capita increased 3.7% in 2022.
  • In 2022, the federal government financed a third of the nation’s health spending, more than households (28%), private business (18%), or state and local governments (15%).
  • Hospital care and physician and clinical services together accounted for half of health spending.
  • Prescription drug spending increased 8.4% in 2022, up from 6.8% in 2021. Prescription drugs represented 9% of health spending.
  • Public health insurance—Medicare (21%), Medicaid (18%), and other public programs (4%)—paid for 43% of health spending, while private insurance paid for 29%.
  • Consumer’s out-of-pocket spending — for copays, deductibles, and goods and care not covered by insurance — rose 7% in 2022 and accounted for 11% of health spending.
  • Marketplace health insurance accounted for 7% of the $1.3 trillion spent on private health insurance.
  • Personal health care spending per capita in 2020 for females ($10,887) was 14% higher than for males ($9,554). The higher spending was most pronounced in females age 19 to 44, largely associated with the cost of maternity care, and in those age 85 and older, largely due to higher spending on nursing care facilities.

The National Health Spending (formerly titled Health Care Costs 101) full report, quick reference guide, data, and charts are available for download below.

These materials are part of CHCF’s California Health Care Almanac, an online clearinghouse for key data and analyses describing the state’s health care landscape. See our entire collection of current and past editions of Health Care Costs 101.