medicalspending
nounUK /ˈmɛdɪkəl ˈspɛndɪŋ/
US /ˈmɛdɪkəl ˈspɛndɪŋ/
Money that people or countries pay for doctors, medicine, and hospitals.
The country's medical spending went up last year because more people needed care.
RELATED WORDS
OTHER MEANINGS
2. The total amount a government sets aside in its budget for health services.
Medical spending makes up a large part of the national budget.
3. Money a family uses to pay for treatments and prescriptions.
Rising medical spending worries many families.
4. The money a company spends on health benefits for its workers.
The firm reviewed its medical spending to keep costs fair.