For those working in the finance industry, keeping up to date with current financial services education and current events are very important. Financial services training can help advisors learn about new areas of interest and keep up with the trends of the market. Relevant subjects such as health
care are important to keep abreast of. This overview will go over some recent updates.
HEALTH CARE
care are important to keep abreast of. This overview will go over some recent updates.
HEALTH CARE
Health care is always a relevant topic for financial services training. Health care costs have risen at more than twice the pace of overall inflation since 1990, more than doubling their share of the economy during that period. Even adjusting for the size of its economy and population, the U.S. spends far more money on health care each year than any other country in the world. As of 2009, health care spending made up 15.3% of the U.S. economy compared to an average of 8.8% for developed countries.
Under current policies, government spending on health care is projected by the Congressional Budget Office to rise to more than 18% of GDP per year over the next 75 years; since WWII, the U.S. government has collected tax revenue to finance its entire budget that has equaled an average of 18% of GDP each year.
Under current policies, government spending on health care is projected by the Congressional Budget Office to rise to more than 18% of GDP per year over the next 75 years; since WWII, the U.S. government has collected tax revenue to finance its entire budget that has equaled an average of 18% of GDP each year.
