26 October 2023 - For a long time, health care was eating the world. From 1950 to 2009 American spending on hospitals, medics and the like rose from 5% of GDP to 17%. 

Between the late 1970s and the mid 2010s British public spending on health rose by 4% a year in real terms, much faster than the economy’s growth of 2% a year.

Read The Economist article