Healthcare spending is on the mend as coronavirus cases decline

Healthcare spending is on the mend as coronavirus cases decline

By the numbers: Annualized health care spending hit almost $4 trillion this past April, up 32.4% from April 2020, according to an analysis of federal data from the Altarum think tank. The pandemic hit health care spending the hardest between March and June of last year, with the nadir coming in April.

Between the lines: The increase in spending reflects both the mass cancellations of services last spring, but also the sizable surge of people coming back.

Source

Go deeper: Aduhelm will balloon America’s health spending Dental care spending increased the most year over year in April (140%). Spending on hospital services and physician visits also jumped almost 60% each.The country’s persistently high health care prices also played a role in the increased spending, but health care prices have not been rising as fast as other areas of the economy because the federal government and private insurers set rates in advance, according to Altarum.

News Highlights Health

  • Healthcare spending is on the mend as coronavirus cases decline
  • Check all news and articles from the Health news information updates.
Disclaimer: If you need to update/edit this news or article then please visit our help center.
For Latest Updates Follow us on Google News
      Bollyinside - US Local News & Breaking News Stories
      Logo
      Compare items
      • Total (0)
      Compare
      0