WASHINGTON: Healthcare spending in the United States is projected to have risen 7.5% in 2023 to US$4.8 trillion, according to federal data, outpacing the projected annual gross domestic product growth rate of 6.1%.
Spending on Medicaid and private health insurance drove the growth, with the insured share of the population surging to a historic high of 93%, data from the US Centres for Medicare and Medicaid Services (CMS) showed.
