There was much more disparity between healthcare spending and economic growth in the 1970s than there is today. Here are five key statistics to illustrate the change:
1. Healthcare spending in the 1970s grew 12.2 percent while the growth rate of the gross domestic product per capita was 9.2 percent.
2. In the 1980s, healthcare grew much more quickly than GDP, with healthcare spending growth at 10.1 percent and GDP at 6.6 percent.
3. Healthcare spending and the GDP growth both slowed in the 1990s, with healthcare spending up 5.4 percent and GDP growth rate at 4.3 percent.
4. The GDP rate continued slow growth in the 2000s, growing 2.9 percent, compared with healthcare spending which grew 5.7 percent.
5. From 2010 to 2015, the GDP rate growth was 2.9 percent while healthcare spending grew 3.6 percent.
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