The Health Care Challenge: Not Just a U.S. Problem

2017-04-15T14:43:17-04:00November 20, 2009|

Health spending in OECD countries increased from 4½ percent of GDP in 1960 to 12½ percent in 2007. What accounts for this dramatic increase? Income growth, insurance, demographics, and technological change all contributed, but the latter was the key driver.