KEY POLICY MESSAGES
This paper provides new projections of public spending on health and long-term care for OECD countries and the BRIICS countries (Brazil, Russia, India, Indonesia, China and South Africa). Despite the inevitable uncertainty surrounding projections, they suggest a rapidly rising trend over the next 50 years. Starting from around 6% of GDP currently, the combined public health and long-term care expenditure for OECD countries is projected to reach 9.5% in 2060 in a cost containment scenario assuming that policies act more strongly than in the past to rein in some of the expenditure growth. In a cost-pressure scenario, which assumes no stepped-up policy action spending could reach 14% of GDP. Projected increases are even steeper for some of the BRIICS going on average from the current 2.5% to 5.3% and 9.8% of GDP depending on the scenario. These projections follow a continuous increase of health expenditure as a share of GDP for several decades. Indeed, despite a slowdown in health expenditure levels during the recent crisis, the decrease in GDP has been proportionally greater and this has led to a sharp increase in the recent health to GDP ratio.