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The coronavirus (COVID-19) pandemic is an unprecedented national emergency requiring a significant federal response. This page provides resources and analysis, tracking the actions our leaders are taking to respond, and providing insights on the state of America’s fiscal and economic outlook during the recovery.
The portion of health spending paid by the government is growing.
Prescription drug costs have increased significantly over the past several decades.
Government health insurance is paying for a larger share of prescription drug expenditures.
Total U.S. health spending (public and private) is projected to rise to nearly one-fifth of the economy by 2025.
Healthcare costs in the U.S. have increased drastically over the past several decades.
High healthcare spending is not necessarily a bad thing, especially if it leads to better health outcomes. However, that is not the case in the United States.
Medicare spending is expected to grow substantially.
Prices for medical care typically grow faster than inflation.