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BMI View: While the UK government's immediate focus will be on negotiating favourable terms for trading
and working with the EU after Brexit, the impact on health and social care will be a key topic of discussion.
A slowdown in UK GDP growth and a drop in consumer demand does not necessarily signal a reduction in
health spending, particularly as the government is committed to the NHS and a large number of patients
will continue to purchase private healthcare services over the pressured public sector. However, if an
economic shock materialises and the government places financial pressures on the NHS, certain areas of
the healthcare sector will suffer.
Headline Expenditure Projections
? Pharmaceuticals: GBP32.55bn (USD49.75bn) in 2015 to GBP33.75bn (USD44.12bn) in 2016; +3.7%
in local currency terms and -11.3% in US dollar terms.
? Healthcare: GBP157.26bn (USD240.32bn) in 2015 to GBP160.84bn (USD210.25bn) in 2016; +2.3% in
local currency terms and -12.5% in US dollar terms.