Overview
- Affordable Care Act enrollment jumped more than 30% to 21.1 million as overall private coverage rose 3.5% to 214.3 million.
- Hospital care totaled $1.6 trillion, up 8.9%, with hospital prices rising 3.4% for their fastest increase since 2007.
- Spending on government administration grew 14.7%, including a 19.8% increase for Medicaid administration associated with eligibility redeterminations.
- Retail prescription drug outlays reached $467 billion, up 7.9%, reflecting slower growth in prices and use than in 2023.
- CMS reported that higher utilization and intensity of services were the primary drivers of spending growth as the insured share of the population edged down to 91.8%.