By Simone Rensch
Health spending in advanced economies has grown by the fastest rate in seven years, OECD figures have revealed.
Spend within the OECD increased by 3.4% on average in 2016 and spending in 2017 is estimated to have grown by 2.5%, OECD data released on Thursday found.
This is the highest rate since 2009, although it is still below pre-crisis levels. As a share of gross domestic product, health spending accounted for 8.9% in 2016 and 2017 across the OECD.
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Kalipso Chalkidou, director of global health policy at the Center for Global Development, told PF International that health spending figures only gave a partial picture of the effectiveness of health systems.
“Whether more spending on health is a positive development largely depends on the baseline and uses of this money,” she said.
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