CMS said healthcare spending accounted for 18% of U.S. gross domestic product in 2024, up from 17.7% in 2023 and outpacing U.S. economic growth. The agency oversees Medicare plans for people aged 65 and older or with disabilities, and Medicaid for low-income Americans.
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US healthcare spending soars to over $5 trillion in 2024
January 15, 2026CMS said healthcare spending accounted for 18% of U.S. gross domestic product in 2024, up from 17.7% in 2023 and outpacing U.S. economic growth. The agency oversees Medicare plans for people aged 65 and older or with disabilities, and Medicaid for low-income Americans.