How reducing healthcare spending affects economic growth: 4 things to know: Real gross domestic product fell 2.9 percent at an annual rate during the first quarter of this year, according to a Bureau of Economic Analysis estimate released in June.
One significant driver of that GDP increase was a 1.4 percent drop in real healthcare spending at an annual rate. Although the slowdown in healthcare spending growth can be interpreted as a positive development, it also leads to slower overall economic growth in the short-term, according to a Health Affairs article by Jason Hockenberry, PhD, a health economist and assistant professor at Emory University, and Kenneth Thorpe, PhD, a professor and chair of the Department of Health Policy & Management at Emory University's Rollins School of Public Health.
Here are four things to know about the connection between healthcare spending and GDP.
See original work for more on this and other stories.
No comments:
Post a Comment
Spamming will be removed.
Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.
Note: Only a member of this blog may post a comment.