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Our most recent analysis, U.S. Behavioral Health Spending: A 2023 OPEN MINDS Market Intelligence Report, found that behavioral health spending has increased—a lot—over the past decade. At $329 billion in 2022, there has been a 94% increase in spending since 2012—56% on an inflation adjusted basis. Of that spending increase, the largest increase among payers was in Medicaid at 111%.

There were also a few key changes within the behavioral health spending data. Inpatient psychiatric spending, as share of total spending, dropped from 25% …

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