Medicare surge to drive health care spending past $7 trillion

Data: Health Affairs; Chart: Alice Feng/AxiosA surge of Medicare spending on hospitals and other services later this decade will push U.S. health care expenditures to outpace inflation and top $7.2 trillion by 2031, federal actuaries said on Wednesday.Why it matters: The new projections show medical spending across all categories rebounding from the pandemic doldrums, with…