U.S. Healthcare Spending Growth Slowed in 2021 After Covid-19 Surge – The Wall Street Journal

WASHINGTONU.S. healthcare spending growth is expected to have slowed last year after reaching a nearly two-decade high driven by the pandemic, according to a new report by federal regulators.

National health spending is projected to have grown 4.2% to $4.3 trillion in 2021, compared with a growth surge of 9.7% in 2020, according to the report from actuaries at the Centers for Medicare and Medicaid Services. The slowdown came from a decline in the use of healthcare services and federal financial stimulus as Covid-19 cases fell amid a pandemic that has led to nearly 975,000 deaths and almost 80 million cases in the U.S.

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U.S. Healthcare Spending Growth Slowed in 2021 After Covid-19 Surge - The Wall Street Journal