6 Key Healthcare Spending Growth Statistics

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Healthcare spending growth reached a seven-year high in February, according to a report from the Altarum Institute's Center for Sustainable Health Spending.

moneySpending increased year-over-year in all major categories. Here are six key statistics from the report on national health expenditures.

1. In February, health spending increased to a seasonally adjusted annual rate of $3.05 trillion.

2. National health expenditures grew 6.7 percent year-over-year in February.

3. In February 2014, hospital spending accounted for $986 billion (32 percent) of total health spending.

4. Physician and clinical services spending was $607 billion (20 percent of the total) in February.

5. Prescription drug spending was $293 billion (10 percent).

6. The health spending share of gross domestic product reached an all-time high of 17.7 percent in January. However, this is partly due to slow GDP growth rather than high healthcare spending growth.

More Articles on Healthcare Spending:
6 Key Findings on Medicine Spending in 2013  
AMA: Physicians Inject $1.6 Trillion Into Economy  
CBO Lowers Projected Cost of PPACA Insurance Benefits 

 

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