Since the 1960s, the percentage of U.S. GDP spent on National Health Expenditure has risen from around

Question:

Since the 1960s, the percentage of U.S. GDP spent on National Health Expenditure has risen from around 5% to around 18% (as of 2016). Is this rapidly expanding share of total GDP of the health sector necessarily evidence of wasteful health care spending? Why or why not?

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