 | Hospital spending grew 6.2% and reached $1.2 trillion in 2019, representing 31% of overall healthcare spending, compared with 4.2% in 2018. | | Hospital prices increased 2% in 2019 compared with 2.4% in 2018, while nonprice factors such as the use and intensity of goods and services grew 4.2%, compared with 1.8% in 2018. | | Medicare spending grew 6.7% and reached $799.4 billion in 2019, representing 21% of total national healthcare expenditures. | | Per capita enrollee spending in Medicare Advantage grew 6.3%% in 2019, almost three times the 2.4% per capita growth rate of Medicare FFS. |
Healthcare spending in the United States grew 4.6% in 2019, hitting $3.8 trillion, or $11,582 per person, federal actuaries announced on Wednesday. The rate of growth in 2019 was down slightly from the 4.7% rate in 2018 but consistent with the average annual spending growth rate of 4.5% since 2016, according to a new analysis from the Office of the Actuary at the Centers for Medicare and Medicaid Services. The report, which was published online Wednesday afternoon in Health Affairs, notes that faster growth in personal healthcare spending was offset by a drop in the net cost of health insurance, mostly because of the suspension of the individual mandate. The report covers 2019 and does not include the effects of the coronavirus pandemic on healthcare spending. Related Coverage: - National Health Spending Growth Projected at 5.4% Annually through 2028
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