In this global economic market system, there is concern that health care costs and spending in United States will exceed that of other competing industrialized nations. A close examination of health care cost and spending in the United States reveals that much of the increase in gross domestic product (GDP) is a result of the cost of health care.
In a paper of 5-6 pages, complete the following (APA):
- How does health care spending in the United States impact the country's economy?
- Summarize the impact of health care spending in the United States on the economy.
- Provide a critical analysis of this impact that is supported by relevant cited sources.
- Recommend a strategy based on your analysis.
Ensure that you integrate economic terms, frameworks, and models throughout the review.
Be sure to consider individual households, employers, local economies, and state and federal governments.