Continued Rise in Health Care Costs, Business and Industry Trends Analysis

Total Health Care Spending:  Total U.S. health care expenditures were projected to increase to $4.01 trillion in 2020, up from $3.82 trillion in 2019 and $3.68 trillion in 2018, according to the U.S. Centers for Medicare and Medicaid Services (CMS).  However, when the final numbers for 2020 are computed, we will likely see that the Coronavirus increased some 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.   Growth in health care costs has been extraordinary.  In 1990, national health expenditures were only $696…

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