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Employee Benefits

U.S. health spending in 2020 waned first time in 60 years

February 24, 2021 Reprints

Preliminary estimates in an Altarum Institute report show a 2% year-on-year drop of about $75.8 billion in total U.S. health spending in 2020, the first annual decline since 1960, BenefitsPRO reported. The report, which is based on the initial estimate of the December personal income and outlays from the Bureau of Economic Analysis, found a 7% decline in hospital care, 20% decline in dental services, among others, as to be some factors that affected health expenditures last year.

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U.S. health spending in 2020 waned first time in 60 years

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