Spending hit $5.3 trillion in 2024. Shifts to Marketplace plans along with a more costly Medicaid pool will require revenue cycle leaders to refocus their strategies.
U.S. healthcare spending hit $5.3 trillion in 2024, growing 7.2% year-over-year, according to new national healthcare expenditure data. See the infographic below for our takeaways from the recently released report.
Luke Gale is the revenue cycle editor for HealthLeaders.
KEY TAKEAWAYS
With price growth flattening, the 7.2% spending jump came primarily from utilization.
Much of the 10.4% spike in private payer spending is coming from lower-paying Marketplace plans.
Healthy patients are disenrolling from Medicaid, leaving providers with a higher-acuity patient mix that requires significantly more case management and authorization work per claim.