An updated chart collection explores how health spending is expected to grow in coming years, with a look at growth in prescription drug spending, out-of-pocket spending, and related trends.

In 2024, per capita health spending growth is estimated to have slowed to 4.5%. Growth is expected to slow further in 2025 and 2026 to 4.2% and 4.3%, respectively. From 2027-2032, per capita spending growth is projected to moderate at an average annual rate of 5.0%. During this period, national health spending is expected to outpace GDP, partly due to the growth in medical prices.

The analysis displayed in this chart collection uses 2022 National Health Expenditure (NHE) projections from federal actuaries. These and other analyses can be found on the Peterson-KFF Health System Tracker, an information hub dedicated to monitoring and assessing the performance of the U.S. health system.