Paradox of Health Care & Pharma Costs
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Analysis of OECD data for nine countries for the 10-year period 2012-2021
Health care costs as a percentage of gross domestic product (GDP) have remained relatively stable over the past decade in many countries, with an increase of 1-2 percentage points, while drug costs as a percentage of health expenditure have mostly decreased. Why are healthcare costs and cost-cutting measures so important in most countries?