U.S. retail prescription drug spending hit $348.4 billion in 2020, constituting 8% of total health care expenditures, a new federal report shows.
The U.S. Centers for Medicare & Medicaid Services (CMS) yesterday published its annual national health care spending report in the journal Health Affairs. U.S. health spending overall reached $4.1 trillion in 2020, driven by a 36% increase in health spending mainly in response to the COVID-19 pandemic, CMS said.
U.S. retail prescription drug spending hit $348.4 billion in 2020, constituting 8% of total health care expenditures, a new federal report shows.
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