US Health-Care Spending on Pace to Top $7 Trillion by 2031

Posted by Patria Henriques on Wednesday, July 31, 2024

Annual US health-care spending will reach nearly $7.2 trillion in 2031, growing faster than the country’s economy through the start of the next decade, according to a government estimate.

Health expenditures are projected to rise to 19.6% of gross domestic product, up from 18.3% in 2021, according to an analysis published Wednesday in the journal Health Affairs. The figures tally both government and private spending.

ncG1vNJzZmivp6x7o7jOqKSbnaKce6S7zGilnq%2BjZK6zwMico56rX2d9c3%2BMaW1maWRkwrR5x56YpayYYsCxsc2doKefXaS7brzAnJxmrJ9iwbC8jHBkraqZobmqu81mmbJlYmWAcg%3D%3D