2 Minute Read

The healthcare workforce increased from 16 million in 2014 to 22 million in 2024 (+37.5%).

Source: (Bureau of Labor Statistics (BLS), American Immigration Council)

Insights: Immigrants made up 17.4% of healthcare workers by 2022, playing a crucial role in filling labor shortages.

U.S. healthcare spending rose from $3 trillion in 2014 to $4.6 trillion in 2024 (+53.3%).

Source: (Centers for Medicare & Medicaid Services (CMS))

Insights: Per capita spending increased to $13,200 by 2024, with administrative costs accounting for 8-12% of total spending.

The uninsured rate dropped from 13.3% in 2014 to 8% in 2024, resulting in 16 million more insured Americans.

Source: (Kaiser Family Foundation (KFF))

Insights: Medicaid expansion contributed to coverage for 12 million additional people, leading to a 42% reduction in California’s uninsured population.

Out-of-pocket healthcare costs increased from $1,300 in 2014 to $1,660 in 2024 (+28%).

Source: (Kaiser Family Foundation (KFF), Commonwealth Fund)

Insights: Despite the rise, 82% of Americans reported improved access to preventive care services by 2024.

Healthcare premiums in Florida surged by 41% from $5,900 in 2014 to $8,320 in 2024.

Source: (Centers for Medicare & Medicaid Services (CMS), Florida Department of Insurance)

Insights: These increases reflect regional disparities driven by local labor markets and provider consolidation.

The U.S. faced a shortage of 1.2 million nurses by 2024.

Source: (American Association of Colleges of Nursing (AACN), New York State Department of Health)

Insights: Leading to a 12% decline in the nurse-to-patient ratio in New York, affecting the quality of care.

The diabetes rate among Hispanic Americans rose from 14.4% in 2014 to 18.3% in 2024.

Source: (Centers for Disease Control and Prevention (CDC), Mississippi State Department of Health)

Insights: Mississippi saw its African American infant mortality rate increase from 8.9 to 10.4 per 1,000 births during this period.

The recent rise in U.S. healthcare spending to $4.6 trillion and increased employment in the sector boosts local economies. With more Americans insured and healthcare professionals thriving, there's more consumer spending power.

Source: (Centers for Medicare & Medicaid Services (CMS))

Insights: With a higher consumer spending power, this will encourage more Americans to spend within their local economies and creating even more support for many local business in America and on inHouse America.

inHouse America doesn't endorse anyone but focuses on creating awareness of the importance of supporting small businesses and which administration is best for doing so!