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A Satellite Account for Health in the United States

By David M. Cutler, Kaushik Ghosh, Kassandra L. Messer, Trivellore Raghunathan, Allison B. Rosen, and Susan T. Stewart

American Economic Review, February 2022

This paper develops a satellite account for the US health sector and measures productivity growth in health care for the elderly population between 1999 and 2012. We measure the change in medical spending and health outcomes for a comprehensive set of 80 ...