Thursday, 9 June 2016

Is the UK spending more than we thought on health care (and much less on social care)?

Is the UK spending more than we thought on health care (and much less on social care)?  New international accounting conventions suggest that the United Kingdom is spending much more on health care, both publicly and privately, than previously thought. The latest spending figures for 2014 published by the Office for National Statistics (ONS), adjusted to comply with the Organisation for Economic Co-operation and Development’s (OECD) system for health accounts,have added around £21 billion (€27 billion; $30 billion) to health spending – an overnight leap of 13 per cent from the previous estimate for 2014. It also means that total public and private spending on health jumps from 8.7 per cent of gross domestic product (GDP) to 9.9 per cent. Can this be true, and what does it mean? The King's Fund

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