Gains made towards slowing health expenditure growth in the United States in recent years could be negated by price increases associated with the continuing economic recovery unless more efforts are made to contain spending, says a new OECD paper published in The Lancet.
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Country notes highlight some key findings from TALIS 2013 for individual countries and economies
The United States is doing better, but the legacies of the crisis are heavy and there is a lot of room for improvement. As we gradually exit the gravest crisis of our lifetimes, we have the unique opportunity to push forward reforms which will lead to sustainable, green growth and some inclusive societies, said OECD Secretary-General.
Economic recovery in the United States is stronger than in most OECD countries, but it will remain sluggish unless new reforms are launched to boost growth, according to OECD’s latest Economic Survey of the United States.
The enduring idea that the rising tide of economic growth lifts all boats is no longer a universal truth. In the US, even before the Great Recession, the poorest were steadily losing ground. Between 2000 and 2012 the average disposable income of the bottom 10% in the US fell by 14%, underlined the OECD Secretary-General.
Mr. Angel Gurría, Secretary-General of the OECD, will be in Washington on 12-13 June 2014 to present the 2014 OECD Economic Survey of the United States. While in Washington, the Secretary-General will deliver remarks at a seminar on Inclusive Growth hosted at the Center for Strategic and International Studies (CSIS). He will also have meetings with high level US officials.
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The most effective policy tool kit to address high inequalities and to extend opportunities is one that combines education and job training measures, policies to boost job creation, and reforms to make the tax and benefit system and public services more efficient.
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Soaring obesity rates make the US the fattest country in the OECD, with 36.5% of obese adults. Roughly 70% of US adults are overweight, which corresponds to the second highest rate in the OECD (just after Mexico, 71.3%).
The United States can further improve productivity in its economy by prioritizing reforms that enhance openness, diversity and competition in services markets, particularly where higher trade restrictions are observed.
When it comes to well-being, American users of the OECD Better Life Index (BLI) want to be happy, Canadians care most about health, while Latin Americans strive for better education. That’s according to user feedback as the Index marks its third birthday.