Forecast: Share of Private Health Expenditure in the US

As of 2023, private health expenditure in the US stands above 50% of total health expenditure. Forecasts suggest a gradual decline from 49.75% in 2024 to 48.95% in 2028. The year-on-year decrease is subtle, averaging around 0.4%. Over five years, the compound annual growth rate (CAGR) indicates a steady decline in private health expenditure’s share relative to total health expenditure.

Future trends to watch for include:

• The impact of policy changes on private versus public health expenditure.
• Technological advancements potentially altering healthcare cost structures.
• Demographic shifts influencing insurance markets and expenditure patterns.
• Macroeconomic factors affecting overall healthcare spending and allocations.