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The remarkable performance of the health sector in continuing to create jobs through the recession and recovery has garnered much attention over the past few years.
Kudos to Robert Samuelson for bringing attention to health care spending in the U.S., and to the relationship between health spending and the economy.
Since we began tracking national health expenditures (NHE) on a monthly basis, we have been wondering when the health spending share of GDP would hit the 18 percent threshold. The recent downward revision of historical GDP estimates has provided the answer – it already happened.
Unless we get a hold of rising health care spending, the U.S. isn’t going to be able to make the kind of investments in infrastructure and education that are crucial for guarantying long-term economic growth and our global competitiveness.
Monthly employment figures for June were much lower than anticipated and have caused new doubts about the robustness of the economic recovery.
The troubled health care reforms in England should be of strong interest to those outside the U.K. We all know that nearly every developed nation is struggling to slow rising health care spending.
Data released by the National Health Statistics Group at the Centers for Medicare and Medicaid Services shows that health spending accounted for 17.6 percent of the gross domestic product in 2009.
No one wants to say no on prices. That’s going to be a problem if we truly want to bend the curve.
Right now in the U.S. and U.K., there’s a push among most politicians to exhort the necessity of reining in our respective national deficits. Nowhere is the pressure to slow spending greater than in the health care sector.