Healthcare spending in the U.S. is projected to rise significantly over the next decade, with national health expenditures expected to reach $7.7 trillion by 2032, driven by an aging population, rising service costs, and increasing federal healthcare spending. Click here for article.
National healthcare spending is projected to grow from $4.8 trillion in 2023 to $7.7 trillion by 2032.
Healthcare costs are expected to rise from 17.6% of GDP in 2023 to nearly 20% by 2032.
The aging population and rising healthcare service costs, including new technology and labor costs, are key factors driving the increase.
Federal spending on healthcare programs like Medicare and Medicaid will increase from $2.2 trillion in 2023 to $3.8 trillion by 2032.