Health spending rises again, but not in Europe
Health spending has started to rise again in many OECD countries, but the pace of growth remains well below pre-crisis rates, especially in Europe.According to OECD Health Statistics 2014, health spending continued to fall in 2012 in Greece, Italy, Portugal and Spain, as well as in the Czech Republic and Hungary. In Greece, health spending in real terms was 25% lower in 2012 than in 2009, primarily driven by cuts in public spending. By contrast, outside Europe, Chile and Mexico saw strong growth in health spending in 2012, at 6.5% and 8.5% respectively, largely due to further efforts towards universal coverage and access to healthcare.
Health spending in Korea has continued to grow at an annual rate of 6% since 2009, mainly driven by increases in private spending. In the United States, health spending grew by 2.1% in 2012, above the OECD average but similar to growth rates in 2010 and 2011. While spending on hospital and outpatient care grew in many countries in 2012, almost two-thirds of OECD countries have experienced real falls in pharmaceutical spending since 2009.
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