US health spending to top $7.7 trillion by 2032: CMS

(By Naomi Diaz for Becker’s Hospital Review)

CMS expects national health spending to reach $7.7 trillion by 2032, with 2023 expenditures projected to have hit $4.8 trillion and have grown by a rate of 7.5%.

From 2023 to 2032, health spending is expected to grow by an average of 5.6% per year, according to a June 12 news release from CMS. Continue reading here…

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