Health Care OVERVIEW
and throughout the world.
health care expenditures were estimated to be $4.01 trillion in 2020, and are projected to soar to $6.19 trillion in 2028. The health care market in the U.S.
during 2020 was projected to include massive spending in the major categories of hospital care ($1,316 billion); dental, physician and clinical services ($942.7 billion); and prescription drugs ($493.9 billion), along with nursing home and home health care ($183.2 billion).
hospitals totaled 6,146 properties in 2020, according to an American Hospital Association survey, containing 924,107 beds serving 36.3 million admitted patients yearly (the latest data available).
However, when the final numbers for 2020 are computed, we will likely see that the Coronavirus increased some health care spending for 2020, such as intensive care in hospitals, while decreasing other types of spending, such as elective surgery and visits to doctors' and dentists' offices. Medicare, the U.S. federal government's health care program for Americans 65 years or older, provided coverage to an estimated 62.2 million seniors during 2020.
National expenditures on Medicare for fiscal 2019 were projected to be $796.6 billion, including premiums paid by beneficiaries and health care costs covered by Medicare.
By 2030, the number of people covered by Medicare will balloon to about 78 million due to the massive number of Americans who will become of eligible age. Medicaid is the federal government's