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HEALTH AND ECONOMICS: 17% ON MEDICAL CARE AND 3% ON PUBLIC HEALTH IN USA

Human health is fundamentally a national asset, which means that spending on the promotion and protection of health is more like a fruitful investment than a consumption expenditure. The bridge between health and the economy is education. A healthy population spurs economic growth. First, healthier people are more economically productive. Better health also leads to an increase in savings rates—because healthier people expect to live longer and are naturally more concerned with their future financial needs. We’ve known for a long time that richer nations generally have better overall health conditions than do poorer nations—and that, within a country, more affluent individuals have, on average, better health than do poorer individuals. 

In COVID crisis, the trust remains, More than 17 percent of the U.S. Gross Domestic Product is spent on health care delivery —in many cases, for conditions that could be prevented or better managed with public health interventions. Yet only 3 percent of the government’s health budget is spent on public health measures.

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