America’s healthcare tab has hit a new record. According to federal data published late last month, national health expenditures climbed to nearly $5.7 trillion in 2025, an increase of 7.3% over the previous year.
The report noted that retail prescription drug spending rose 11%, driven in part by increased use of GLP-1 medicines.
Increases in health spending are not, by themselves, evidence that our system is failing.
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