Global health spending stalls out after pandmic: Gates Foundation
The Bill and Melinda Gates Foundation issued its annual Goalkeepers Report, focusing on maternal health and childhood malnutrition. In the report, Microsoft (MSFT) Founder and Gates Foundation Co-Chair Bill Gates highlighted that global health spending has slowed since the Covid-19 pandemic. Gates writes, " When historians write about the first quarter of the 21st century, I think they may sum it up this way: Twenty years of unprecedented progress followed by five years of stagnation." He added, "The global health boom is over. But for how long?" According to UNICEF, more than 400 million children suffer from malnutrition. And many countries who are most at risk are facing other economic headwinds that may prevent spending on health care. In an interview with Yahoo Finance's Julie Hyman, Gates Foundation CEO Mark Suzman said "Health is actually arguably the most important long-term economic investment any country can make in its own citizens." This post was written by Rachel Sherman.
