![]() The working-age group comprised the majority of spending and population in 2014, 53 percent and over 60 percent respectively.In 2020, children accounted for approximately 23 percent of the population and about 10 percent of all PHC spending. ![]() Per person personal health care spending for the 65 and older population was $22,356 in 2020, over 5 times higher than spending per child ($4,217) and almost 2.5 times the spending per working-age person ($9,154).The Inflation Reduction Act is projected to result in lower OOP spending on prescription drugs for 2024 and beyond as Medicare beneficiaries incur savings associated with several provisions from the legislation including the $2,000 annual OOP spending cap and lower gross prices resulting from negotiations with manufacturers.įor further detail see NHE projections 2022-2031 in downloads below.By 2031 the insured share of the population is projected to be 90.5%. ![]()
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