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.
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.
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