July 29, 2016
July 29, 2016
Nominal spending on health care grew at a 5.4 percent annual rate, exceeding the 3.5 percent growth rate of nominal GDP, according to the latest data from the Bureau of Economic Analysis. While health care spending has been growing modestly as a share of GDP in recent quarters, its growth rate remains well below the pace of the first half of the last decade. Read the entire GDP Byte here.
