Heritage October 30, 2019
KEY TAKEAWAYS
Advances in medicine have eradicated diseases, extended life expectancy, reduced infant mortality and increased productivity.
Health spending constituted 17.9 percent of U.S. economic output in 2017 and will continue its inexorable growth.
More people are employed in the health sector than in any other segment of the economy, and the growth in health care jobs appears to be recession-proof.
Few factors are more critical to economic growth than health care. And few threaten future economic growth more than health care spending.
That conundrum lies behind continued political agitation over health care, both in the U.S. and throughout the highly-developed world.
Advances in medicine have eradicated...