Gross Domestic Product: Health Services Spending Significantly Up

4/2/16
 
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from NCPA,
3/28/16:

Last Friday’s release of the third estimate of Q4 Gross Domestic Product and annual GDP confirmed spending on health services grew at more than twice the rate of growth in non-health GDP in 2015.

For Q4, the third estimate significantly reduced the share of GDP allocated to health services from the previous second estimate (Table I). At $18.7 billion (annualized), growth in health services spending accounted for almost one fifth of GDP growth. This was sa much faster rate of growth (3.6 percent) than for non-health GDP (2.1 percent). Almost all Q4 GDP growth was in services, not goods. Personal consumption expenditure on goods actually dropped.

More From NCPA:

http://healthblog.ncpa.org/2015-gdp-health-services-spending-grew-more-than-twice-as-fast-as-non-health-gdp/