The U.S. is projected to spend $605-$635 billion on medicine in 2025

Statistic Info

The U.S. is one of the countries that spend the most on pharmaceuticals per year. The pharmaceutical industry is also an integral part of the U.S. economy. That spending continues to rise as we look into the years ahead.

Author: Zippia

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Clinics & Pharmacies

As of August 2022, preliminary federal estimates showed that Medicaid enrollment stood at more than 90.9 million people

Although specialty medications total roughly 2% of prescribed drugs, they account for more than 52% of all pharmacy spending

Nearly 40% of Americans are confused by medical bills

76% of healthcare leaders indicate they think inflation will have a significant impact on their strategy

92% of practices said that 2022 Medicare reimbursement rates already do not adequately cover the cost of care provided

The U.S. is projected to spend $605-$635 billion on medicine in 2025

85% of Facilities Are Facing Allied Healthcare Professional Shortages

Only 36% of pharmacists said they can surface patient-specific benefit information in their system

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More 2022 Stats

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52% of U.S. patients said healthcare providers dismiss their described symptoms

Researchers found that 8.3 million Medicare beneficiaries participated in a telehealth visit, & of these, 5% had one or more out-of-state telehealth visits

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The federal budget will extend incentive payments for alternative payment models for an additional year, through 2025. However, the incentive payments will be at 3.5% instead of 5%

Although specialty medications total roughly 2% of prescribed drugs, they account for more than 52% of all pharmacy spending

Nearly 40% of Americans are confused by medical bills

Federally-facilitated Exchange Improper Payment Rate Less Than 1% in Initial Data Release

Medicare physician pay has declined 22% from 2001 to 2021

76% of healthcare leaders indicate they think inflation will have a significant impact on their strategy