Summary
"The data, which tally both private and public health spending, hardly represent a reprieve from soaring medical costs. Health-care spending again expanded faster than the overall economy, suggesting its share of GDP will climb as the economy remains mired in a protracted recession. In 2007, health care consumed 16.2% of GDP, up from 16% in 2006." Can we afford this continued increase??
Analysis
I remember a time when > 11% was associated with fears of economic collapse. Can we sustain this % in our current environment especially when the quality is really being questioned. I don't know, but governmental regulation has to be in the near future.
"We have seen the enemy and they is us." (Pogo)
This author consults with leading institutions through GLG
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
