Northeastern academic centers top a newly released list of cities that could benefit from rising healthcare spending. Boston's healthcare economy ranks No. 1, followed by New York, Philadelphia, Chicago and Los Angeles. Researchers at the not-for-profit Milken Institute, Santa Monica, Calif., examined more than 300 metropolitan areas and the 50 states to quantify the economic importance of 13 healthcare sectors including hospitals, drugs, medical supplies, insurance and research. "Healthcare in these metropolitan regions is an export sector," said Ross DeVol, the institute's director of regional economics and a study co-author. The 29-page study notes that healthcare consumption doubled from 7% of the gross domestic product in 1970 to more than 14% in 2002, and is expected by the CMS to reach 17% by 2011. -- by Mary Chris Jaklevic
Spending increase would benefit Northeast centers
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