US Health Spending Grew 7.5% to Nearly $4.8 Trillion in 2023

National health-care spending grew an estimated 7.5% to nearly $4.8 trillion in 2023 and is projected to outpace growth in the gross domestic product over the next decade, according to national projections released Wednesday.

Increased use of health services, fueled by a record-high 93% of Americans with health coverage, drove last year’s rise in spending, according to the annual report on long-term health-care costs and coverage from the Centers for Medicare & Medicaid Services’ Office of the Actuary.

But from 2027 to 2032, health-care inflation, and increased use of services, are expected to push total health-care spending to nearly $7.7 ...