Health spending and the economic crisis – OECD Health Update Number 7 – July 2009

Posted on July 17, 2009. Filed under: Health Economics | Tags: , |

Health spending and the economic crisis – OECD Health Update Number 7 – July 2009

Health Update No. 7 – July 2009 The newsletter on health-related activities at the OECD

“Health expenditures have risen relentlessly over the past four decades. In many countries during periods of economic expansion, this rise has been similar to the rate of GDP growth. However, when GDP growth faltered, health expenditure continued to rise, leading to an increase in the ratio of health expenditure to GDP. Except in a handful of cases (e.g. Canada and Finland in the 1990’s) real health expenditure did not fall subsequently, so that countries have tended to emerge from downturns with a higher ratio of health expenditure to GDP.

The current economic crisis is more severe than any downturns experienced in the previous 40 years. If health expenditure continues to rise, this will imply a very sharp increase in the ratio of health expenditure to GDP.”

… continues on the website

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