Americans' out-of-pocket health spending rose 10.4% in 2021 — a growth rate that hasn’t been seen since 1985.
Americans' out-of-pocket health spending rose 10.4% in 2021, a growth rate not seen since 1985 that was driven in part by demand for dental services, eyeglasses and medical supplies, according to Centers for Medicare and Medicaid Services'Overall health spending grew by only 2.7%, a much smaller rate than the 10.3% bump seen in 2020. But the decline of special pandemic and public health-related federal funding is a huge factor in the 2021 results and masks a sharper spike in other areas.
That's especially true for people whose insurance premiums are subsidized, either by their employer or the government. "But, it was magnified by the fact that out-of-spending fell by 2.6% in 2020 when the pandemic was resulting in many fewer people getting medical care other than for COVID. As people started going back to the doctor in 2021, the deductibles and copays starting adding up again, too."Employers' health spending rose significantly, as well — private businesses' outlays grew by 6.5% in 2021 after a 2.9% decline in 2020.
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