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    Economic adv and disadv of public health spending in U.S

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    Graphs and charts of examples of economic advantages and disadvantages of public health spending in the U.S.

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    At an aggregate level, economists have cautioned that rising health care spending could lower economic growth and employment. A December 2004 survey of CEOs found that employee health care costs are the foremost cost concern in the minds of America's business leaders (Figure below).

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    Solution Summary

    Some economists note that rising health care spending has important benefits, often outweighing the increased costs. When adjusted for improvements in quality, these economists found that the cost of medical care is in fact in decreasing. In this view, increased health care spending improves increases access to new technologies ? providing both new options of treatment (substitution) and treatment for a greater number of individuals (expansion).