Monthly Health Spending as a Percentage of Monthly GDP

Notes: Lightly shaded bars denote recession periods.
For further discussion of PGDP, see our blog at

Data Source: Altarum monthly national health spending estimates. Monthly GDP is from Macroeconomic Advisers and Altarum estimates. PGDP is from the U.S. Congressional Budget Office and has been converted to monthly estimates.

Source: Altarum Institute: October 2015 Spending Brief: Latest government data show higher health spending growth, but with recent moderation