Healthcare Spending Soars, Yet Outcomes Deteriorate: Alarming New Report
Hit Consultant
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Contributed by: Kate Gamble
Summary
A report by Trilliant Health outlines concerning trends in the U.S. healthcare system, indicating that rising expenditures are not translating into improved health outcomes. The "2024 Trends Shaping the Health Economy Report" warns of an unsustainable trajectory, noting that national health spending has increased dramatically from $2.8 trillion in 2012 to $4.5 trillion in 2022, with projections of $7.7 trillion by 2032. Despite these financial investments, life expectancy has stagnated and is below that of other OECD nations, while mortality rates and health issues among younger Americans are on the rise, particularly with the emergence of early-onset cancers.
