The cost of healthcare in the United States is projected to reach $7.7 trillion by 2032, representing an increase of $2.9 trillion from the previous year. This growth rate is estimated at 5.6% annually during the projection period of 2023-2032, which is higher than the expected annual inflation rate of 4.3%. By 2032, healthcare will account for almost 19% of GDP, up from 17.3% in 2022.
The substantial increase in spending in 2023 due to a rise in health care services usage after the COVID-19 pandemic ended is reflected in a projected growth rate of 7.5%. However, there could be disruptions in access to ADHD medication following a $100M fraud arrest. Trends in health care spending and enrollment from 2023-2032 are likely influenced by COVID-19 response provisions such as Medicaid’s decline from its highest peak in 2023 to approximately 79 million by 2025 due to the expiration of continuous enrollment requirements under the Families First Coronavirus Response Act of 20
