US health spending spikes to $5.7T in 2025, though growth should moderate, CMS finds

Rebecca Pifer Parduhn / healthcaredive - Utilization — not cost growth — continues to accelerate spending, government actuaries said. Spiking prescription drug spending, including on GLP-1s, is especially acute.

AI Summary: A new CMS analysis shows U.S. health spending will jump sharply — hitting roughly $5.7 trillion in 2025 — with long‑term projections approaching $9 trillion by 2034. The report attributes growth to demographics, price and service use, while cautioning that growth rates should moderate. Policymakers face the delightful task of paying for care nobody asked to be cheaper.