UK Healthcare Spending Explodes Due to the Pandemic

Tuesday 01 June, 2021 Written by 
UK Healthcare Spending Explodes Due to the Pandemic

HEALTHCARE - Healthcare spending has skyrocketted due to the panademic. Here are the stats in brief:

Total current healthcare expenditure in 2020 is estimated at £269 billion, a cash increase (not removing the effects of inflation) of 20% on 2019.

This 20% increase is almost twice as large as any previous on record, back to 1997.

The share of GDP attributed to healthcare rose to around 12.8% in 2020, up from 10.2% in 2019.

Growth in total healthcare expenditure was driven primarily by a 25% (cash terms) increase in government healthcare expenditure.

Expenditure on healthcare financed through non-government schemes was approximately £49bn in 2020, an increase of 2% in cash terms on 2019.

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