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Do nations with greater wealth generally spend a larger portion of their economy on healthcare?

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Even though healthcare is often considered to be a necessity, national healthcare spending generally rises with income. This is one of the primary drivers of healthcare spending. Per the Handbook of Health Economics, a "common and extremely robust result of international comparisons is that the effect of per capita GDP (income) on [healthcare] expenditures is clearly positive and significant….." A graph of this relationship is located at the link below.

DocumentationWealth & Healthcare Spending



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