Health Spending Soared 10% In 2020 Even Though People Got Less Care. Here’s Why
Data: Office of the Actuary, Centers for Medicare & Medicaid Services; Chart: Baidi Wang/Axios Americans spent more than $4.1 trillion on health care in 2020, almost 10% higher than what was spent in 2019, according to new independent federal data. That's the fastest annual growth rate since 2002. The big picture: The spike in spending was due almost entirely to the influx of…
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