When inflation is taken into account, healthcare spending actually fell by 0.2 percent. The drop wasn’t predicted by federal forecasts and is attributed to the bad economy and high unemployment.
However, there was a growth in expenditures for Medicare, Medicaid and other government programs. These programs paid a record 46.1 percent of U.S. healthcare expenditures in the second quarter, up from 42.3 percent before the recession began in December 2007.
Medicare has grown since 2007 by 3 million to 47 million enrollees. Medicaid and the Children’s Health Insurance Program cover 59 million people, up 7 million from 2007.
Read the USA Today report on healthcare spending.
Learn more about healthcare spending:
Study Finds Massachusetts Hospitals Per Capita Spending Highest in the World
Healthcare Spending Reaches 17.3% of GNP, Largest 1-Year Rise Ever Recorded
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
