- Global Benefits Vision - https://www.global-benefits-vision.com -

OECD: Health Spending to Outpace Economic Growth by 2050

Health expenditures will outpace GDP growth over the next 15 years in almost every OECD country, according to the OECD’s Health at a Glance 2019 report, published in November 2019.

The OECD foresees that health spending per capita will grow at an average annual rate of 2.7% across OECD countries and will reach 10.2% of GDP by 2030, up from 8.8% in 2018.

The report notes that the United States spent the most on health care in 2018, equivalent to 16.9% of GDP, above Switzerland, the next highest spending country, at 12.2%.

Germany, France, Sweden, and Japan all spent close to 11% of GDP, while a few countries spent less than 6% of their GDP on health care, including Mexico, Latvia, Luxembourg, and Turkey at 4.2%.

Spending could be more effective, according to the report, which cites some remedies such as:

A full copy of the report can be downloaded here. [1]