Health care spending as investment in economic growth

(Image source: CMS, 2008)

In the December 15 issue of the Proceedings of the National Academy of Sciences, a paper by North Carolina State University illustrates that healthcare spending should be viewed as an investment that stimulates economic growth. The author, Dr. Al Headen, associate professor of economics, indicates that healthcare spending is therefore viewed more pessimistically than it should be.

With U.S. expenditures on heathcare representing a higher percentage of GDP than all other western economies, the argument may be a challenge for many to accept, given that these levels cannot be sustained. 

The medtech market can also not be dependent upon such expenditures in the long run.

http://www.bio-medicine.org/medicine-news-1/Study-shows-health-care-spending-spurs-economic-growth-63627-1/

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About P. Driscoll

Patrick Driscoll founded MedMarket Diligence and has become a leading source of analysis and insight in medical technology markets. He previously co-founded Medtech Insight and was a principal at Medical Data International. He has 25 years of experience assessing current and potential markets for medical technologies.

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