Government Seeks To Contain Costs

BMI calculates that the UK's health expenditure reached GBP126.1bn (US$194.0bn) in 2009. We expect it to rise to GBP131.1bn (US$195.7bn) in 2010 and by 2014, we forecast healthcare spending increasing to GBP148.4bn (US$260.3bn), equating to a 3.31% compound annual growth rate (CAGR) in GBP terms and 6.06% in US dollar terms. Expenditure as a percentage of GDP is reasonably high, at 9.0% in 2009, and annual per-capita expenditure is US$3,144, in line with per-capita expenditure in other G7 countries.

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