Americans Are Paying More Than They Used to for Healthcare

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 30 December 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Healthcare spending rose 7.5% in 2023, with Americans paying nearly $5 trillion on everything from prescription drugs to back surgeries. Wall Street Journal reporter Harriet Torry joins host J.R. Whalen to explain why the cost keeps rising and what to expect in 2025. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	AI is changing how the world works, but Lenovo's AI PC is about to change how you work.
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0:31.9	Here's your money briefing for Monday, December 30th. I'm J.R. Waylon for the Wall Street Journal.
0:41.2	Last week, we focused on setting and keeping money goals for the new year. For many people
0:46.2	trying to manage their household funds, that's no easy fee when they work in the rising cost of
0:51.5	health care. It's a sizable chunk of Americans' budget.
0:54.8	It's less than they spend on things like rent and transport and food,
0:59.1	but it's definitely more than other categories that the Labor Department measures,
1:02.8	like education, for instance, or entertainment.
1:05.0	Wall Street Journal economics reporter Harriet Torrey
1:07.9	will explain why health care costs keep rising
1:10.7	and what we can expect in 2025.
1:13.5	After the break.
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