While the U.S. economy continues to expand, the health industry is forecasted to exceed the growth in gross domestic product (GDP).
During the entire projection period (2023–32), growth in national health expenditures is projected to average 5.6% and outpace the nominal GDP growth rate of 4.3%.
The estimated amount spent on hospital care, clinical services, drugs (including vaccines), and other health services in 2023 reached an all-time high of $4.1 trillion.
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