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This is part three of a four-part series focused on the healthcare labor market, and the major trends shaping its future. You can find the first part here and the second part here.
Government-funded healthcare is quickly becoming the dominant force in U.S. health spending. In 2023, Medicare and Medicaid together accounted for nearly half of all healthcare expenditures—$2.1 trillion, or 47% of the total. That’s the highest share on record, and by the end of the decade, government spending on healthcare is projected to reach $3.8 trillion, covering more than half of all healthcare costs. That growing role of