Impact of Healthcare Spending on the US Economy Over the years, the growth rate of healthcare spending in the US has exceeded that of the country’s population and gross domestic spending (GDP). In the period between 1950 and 1990, the country’s annual growth rate in health expenditure per capita. During the 1960s, it recorded about 3.5 %, which was close to half than the one posted during the 1990s (6.0%). Similarly, the healthcare GPD rose from 4.5% to 12% during the same period. According to Catlin, et al. (2007), the US healthcare costs recorded almost $2 trillion which is about 16% of the country’s GDP with spending increased during subsequent years. The essay will delve into how healthcare spending affects the US economy that includes individual households, employers, local economies, and the government. The content will provide an analysis of the impact of these costs as well as a critical analysis of the topic. Moreover, the paper will also provide a strategy that will to ensure that the economy is not negatively affected by healthcare costs. [Show Less]