This study investigates the impact of the COVID pandemic on healthcare utilization, spending, and health measures among the U.S. population during the first year of the pandemic. We utilize data from the Medical Expenditure Panel Survey and employ propensity score matching techniques to analyze the variation in healthcare outcomes due to the pandemic.Our findings indicate that the pandemic significantly reduced mental health status, the intensity of office, outpatient, and emergency room visits, and a corresponding decline in healthcare spending. On the other hand, we find improvement in health-related quality of life for most individuals, except for blacks, individuals with a high school degree or less, the uninsured, and the low-income population. The findings highlight disparities during the pandemic and the need for increased efforts to promote health equity.