Between private insurance, Medicare, Medicaid, and personal out-of-pocket costs, America spent $3.7 trillion on personal healthcare in 2022, according to the Centers for Medicare and Medicaid Services (CMS). Personal healthcare expenditures come from various sources including private insurance, Medicare, Medicaid, and personal out-of-pocket costs.
The Centers for Disease Control and Prevention (CDC) defines personal healthcare as the goods and services relating directly to patient care, such as prescription drugs and hospital care. Expenditures are calculated by adding the total national health expenditures and then subtracting the cost of investment (in research and equipment, for example), health insurance administration, and public health.
