Posted on Monday, February 22, 2021
According to data reviewed by Altarum, a nonprofit research and consulting firm, healthcare spending decreased in 2020.
“[Spending] on prescription drugs and home health care actually increased for the year, the latter likely related to individuals selecting home care rather than nursing homes to avoid exposure,” the Altarum analysis reads. However, spending on hospital care went down by 7% and spending on physician and clinical care decreased by 4.3%.
“Largely due to the COVID-19 virus and widespread efforts to keep vulnerable populations out of congregate settings, spending on nursing home care decreased by 2.5% in 2020 compared to 2019, according to Altarum. Meanwhile, spending on home health care jumped by an estimated 2%.”
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