Smith, Sheila D.; Newhouse, Joseph P.; Cuckler, Gigi A. - National Bureau of Economic Research - 2022
Over 2009-2019 the seemingly inexorable rise in health care's share of GDP markedly slowed, both in the US and … and estimate a decomposition of health care spending growth. The post-2009 slowdown was importantly influenced by four … factors. Population aging increased health care's share of GDP, but three other factors more than offset the effect of aging …