A recent report from the Centers for Medicare and Medicaid Services (CMS) shows that per capita health spending slowed in 2021. The growth rate was 2.6% down from 9.9% in 2020, after a ramp-up that year due to the COVID-19 pandemic.
As utilization returns to pre-pandemic levels and price inflation in the health sector abates somewhat, per person health spending is projected to rebound to an annual rate of 4.8% per capita from 2022 to 2031, which is slightly above pre-pandemic growth rates, which averaged to 3.9% from 2014 to 2019.
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