Claudio Socci, Maurizio Ciaschini, Rosita Pretaroli, Francesca Severini
||International Journal of Healthcare Policy, 2019, Vol.1 (1)
||Inderscience Enterprises Limited
As well as a policy variable that has the potential to affect economic growth, a reform of healthcare expenditure involves the change of GDP because of its role played inside the processes of generation and distribution of income. In this paper, an effort is made to verify, through the macro multipliers approach, the possibility to design a convenient policy for healthcare expenditure. Such a policy permits to rule the incidence of health's expenditure with respect to total output and without neglecting the effects that it originates on the main macroeconomic variables like as GDP. The empirical analysis is built on an social accounting matrix (SAM) framework developed for the USA socio-economic system. The convenient policy differs from selective policy for health sector. The first one... implies a complex redistribution of the resources in order to achieve the best result in terms of reduction of the ratio between health expenditure and GDP but without depressing total industrial output and income generation.