U.S. health care expenditures ballooned in 2020 because of the COVID-19 pandemic, but they’re starting to normalize. National home health spending, in turn, experienced a comparatively small decline over the past year, Home Health Care News reports.
That’s according to the Office of the Actuary at the Centers for Medicare & Medicaid Services (CMS), which just published its annual spending analysis in Health Affairs.
“While there is still considerable uncertainty around the COVID-19 pandemic, its related health and economic impacts are projected to lessen in the next few years,” John Poisal, deputy director for the National Health Statistics Group in CMS and first author of the Health Affairs analysis, said in a press release. “From 2025 onward, we expect economic and demographic factors to reemerge as the most influential drivers of health sector spending trends.” Read more.
