RSS FeedDoes Government Health Spending Hurt the Economy?
The short answer is no (this is even more apparent if you look at the logarithmic scale on Gap Minder). In fact, high government spending on health care per capita (purchasing power parity adjusted) is strongly correlated with high gross domestic product per capita (purchasing power parity adjusted). The nature of this relationship is open to debate (is the country rich because it has government health care or does it have government health care because it is rich?), but the argument that high government healthcare spending lowers gross domestic product is betrayed by the data. The main outliers, incidentally, are mostly oil-producing nations (Qatar, Brunei, Kuwait, United Arab Emirates, Oman, Bahrain, and Saudi Arabia), as well as Singapore.
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