The United States healthcare system is one of the most complex in the entire world, and one which is experiencing a constant state of evolution. The market itself is buoyed by thousands of parties – ranging from insurance and software to administration and pharmaceuticals – working in synchronicity together.
US national healthcare spending reached $4.3 trillion in 2021 (equating to just over $12,900 per person) and the industry is expected to reach a valuation of $6.2 trillion by 2028, according to the Centers for Medicare and Medicaid Services. Its 2021 spending was almost one-fifth (18.3%) of the US GDP for that year, which just shows the enormity and presence of this industry.
