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OECD: Health care spending rises fast

06-30-2010 13:50 BJT

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Health care spending is rising faster than economic growth, heavily weighing on government budgets. That's what the Organization of Economic Cooperation and Development has recently reported on its member countries.

Overall health costs in OECD countries reached 9.0 percent of its GDP in 2008, more than one percent higher compared with 2000. The OECD attributes the rise to technological changes, population expectations and population aging.

With GDP falling and health costs rising, some countries have experienced sharp increases in the ratio of health spending to GDP. The upward trend will continue to drive costs higher in the future.

Editor:Xiong Qu |Source:

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