It's The Economy Stupid
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While the COVID crisis' impact on health and health care is unprecedented in many ways, its impact on the economy may be even more severe. The US GPD dropped 40% in one quarter, we've had the highest first-time unemployment claims ever in our history. We're spending money as fast as we can to try and climb out, more money than almost the rest of the world combined, but that's left us with a debt-to-GDP ratio of 136%. What will this mean for health care in the future? Medicine is the single largest industry in our economy, when the time comes to start paying for the debt we're racking up now, health care is going to be in the spotlight. Ron Howrigon discusses ramifications of the economic impact of COVID in our new podcast.
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