Mask, pills, stack of cash The study found a drop in health care expenditures by private businesses; spending in that area declined 3.1% in 2020 after increasing 3.8% in 2019.

Spending on health care in the U.S. increased almost 10% in the first year of the COVID-19 pandemic, a new study has found, with health care’s overall share of the economy spiking to almost 20%.

A new report published in Health Affairs outlines the impact of the pandemic on health care spending in 2020 for the U.S., saying the year was “unlike any other in recent memory.” The numbers show that US health care spending increased 9.7% to reach $4.1 trillion in 2020, with the share of the economy devoted to health care reaching 19.7%.

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