Why Have Health Expenditures as a Share of GDP Risen So Much?

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Why Have Health Expenditures as a Share of GDP Risen So Much?
National Bureau of Economic Research [NBER]

Nov. 15, 2002

Available for downloading for $5 from SSRN.com. Excerpt: Aggregate health expenditures as a share of GDP have risen in the United States from about 5 percent in 1960 to nearly 14 percent in recent years. Why? This paper explores a simple explanation based on technological progress.

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