{"id":13845,"date":"2024-12-24T07:35:28","date_gmt":"2024-12-24T07:35:28","guid":{"rendered":"https:\/\/distilinfo.com\/healthplan\/?p=13845"},"modified":"2024-12-24T07:35:28","modified_gmt":"2024-12-24T07:35:28","slug":"us-healthcare-spending-nears-5-trillion-milestone","status":"publish","type":"post","link":"https:\/\/distilinfo.com\/healthplan\/us-healthcare-spending-nears-5-trillion-milestone\/","title":{"rendered":"US Healthcare Spending Nears $5 Trillion Milestone"},"content":{"rendered":"<p class=\"whitespace-pre-wrap break-words\"><strong>Key Healthcare Expenditure Trends<\/strong><\/p>\n<p class=\"whitespace-pre-wrap break-words\"><strong>Insurance and Medicare Growth<\/strong> The private insurance sector saw an 11.5% increase, reaching $1.5 trillion, while Medicare spending grew by 8.1%, hitting $1 trillion. Together, these sectors represented over half of all healthcare spending in 2023.<\/p>\n<p class=\"whitespace-pre-wrap break-words\"><strong>Hospital and Clinical Services<\/strong> Hospital care spending surged by 10.4% to $1.5 trillion, marking the highest growth rate since 1990. Physician and clinical services increased by 7.4%, totaling $978 billion.<\/p>\n<p class=\"whitespace-pre-wrap break-words\"><strong>Pharmaceutical Spending Surge<\/strong> Prescription drug spending grew by 11.4% to $449.7 billion, with notable increases in obesity and diabetes medications. Medicare Part D saw a 35% increase in anti-obesity drug spending.<\/p>\n<p class=\"whitespace-pre-wrap break-words\"><strong>Driving Factors<\/strong> Higher utilization rates and increased insurance enrollment, particularly through marketplace plans and Medicaid, contributed significantly to the overall spending growth of 7.5%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Healthcare Expenditure Trends Insurance and Medicare Growth The private insurance sector saw an 11.5% increase, reaching $1.5 trillion, while&#8230; <a href=\"https:\/\/distilinfo.com\/healthplan\/us-healthcare-spending-nears-5-trillion-milestone\/\" style=\"white-space: nowrap;\">Continue Reading <i class=\"fas fa-long-arrow-alt-right\" style=\"vertical-align: middle;\"><\/i><\/a><\/p>\n","protected":false},"author":1,"featured_media":13847,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[547,541,548,544,200,549,542,546,545,543],"class_list":{"0":"post-13845","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-distilinfo-originals","8":"tag-diabetes-treatment","9":"tag-healthcare-expenditure","10":"tag-healthcare-utilization","11":"tag-hospital-care-costs","12":"tag-medicaid-spending","13":"tag-medical-insurance-enrollment","14":"tag-medicare-spending","15":"tag-obesity-medications","16":"tag-prescription-drugs","17":"tag-private-insurance","18":"entry"},"_links":{"self":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/13845"}],"collection":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/comments?post=13845"}],"version-history":[{"count":1,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/13845\/revisions"}],"predecessor-version":[{"id":13848,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/13845\/revisions\/13848"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/media\/13847"}],"wp:attachment":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/media?parent=13845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/categories?post=13845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/tags?post=13845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}