An interesting paper has just been published by Joann Wilkie and Adam Young, from the Australian Treasury, entitled Why Health Matters for Economic Performance.
The authors argue that the good health of a population not only leads to social and individual wellbeing, but that it drives labour and capital investment. This in turn can raise economic growth and increase GDP. They say that the efficiency of health care resources leads directly to health outcomes and that this impact on our economy should provide a framework for healthcare policies.
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