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Gdp In Healthcare

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Gdp In Healthcare
From 2013 to 2015 healthcare has spent 17.4 percent of GDP and expect to intensify over the years to come, according from the Center for Medicaid and Medicare Service. The reason for an increase, is due to increasing treatments, medications, medical research and more (U.S. Bureau of Economic Analysis, 2015). Moreover, Obama Care (Affordable Care Act) involves an increase in the economic activity in healthcare considering everyone has to partake in health insurance. However, the output of the GDP is the value of the goods, services, and the product that was provided the patients. The framework of HCSA focused on the required approach for measuring gross domestic product (GDP) in BEAs national income and product accounts (NIPAs) (Washington,
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