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Health spending growth picks up across wealthy nations (Public Finance International)
June 29, 2018
By Simone Rensch
Health spending in advanced economies has grown by the fastest rate in seven years, OECD figures have revealed.
Spend within the OECD increased by 3.4% on average in 2016 and spending in 2017 is estimated to have grown by 2.5%, OECD data released on Thursday found.
This is the highest rate since 2009, although it is still below pre-crisis levels. As a share of gross domestic product, health spending accounted for 8.9% in 2016 and 2017 across the OECD.
Kalipso Chalkidou, director of global health policy at the Center for Global Development, told PF International that health spending figures only gave a partial picture of the effectiveness of health systems.
“Whether more spending on health is a positive development largely depends on the baseline and uses of this money,” she said.