Valletta, Rob - In: FRBSF Economic Letter (2007)
Health care is among the most technologically advanced sectors, and it also constitutes a large and growing share of … the U.S. economy. Between 1960 and 2005, the share of health-care spending in U.S. gross domestic product more than … tripled, growing from 5.2% to 16%; this growth is likely to continue, with health care conceivably expanding to encompass up …