Health spending in the U.S. increased by 7.2% in 2024 to $5.3 trillion or $15,474 per capita. This growth rate closely matched the 7.4% rise in 2023, and apart from the 10.5% surge in 2020 due to the COVID-19 pandemic, the 2023 and 2024 growth rates are the highest recorded since 2003 (8.6%). Similar to 2023, the acceleration in 2024 was driven by higher demand for healthcare goods and services. F…

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