Behavioral Health Integration for Medicare Members

U.S. Spending on Health Care in 2022

In 2022, the U.S. increased its health care spending to $4.5 trillion, an increase of 4.1%. While this increase is higher than the 3.2% increase in 2021, it is significantly lower than the 10.6% growth in 2020. This pattern may indicate that health care spending is returning to the levels seen prior to the COVID-19 pandemic.

In 2022, private health insurance spending increased 5.9% to 1.3 trillion. The Centers for Medicare and Medicaid Services (CMS) reported spending increases in several areas, including hospital care (2.2%), physician and clinical services (2.7%), retail prescription drug (8.4%), nursing care facilities and retirement care communities (5.6%), dental services (0.3%), home health care (6%), additional nondurable medical products (8.5%), and durable medical equipment (5.1%).

While health care costs continue to rise, it’s important for employers to offer benefits that fit the needs of their employee population, and employees must elect appropriate plans and adhere to any plan requirements.