Private education spending in Australia soars ahead of other countries

Boys from a private high school. Australia is among the highest contributors to education spending in the world, at about 6% of gross domestic product. Photograph: Dan Peled/AAP The proportion of public money being spent on private schooling in Australia is higher than in any other advanced economy and has increased significantly over the last decade, a new report reveals. The Organisation for Economic Co-operation and Development released on Tuesday night its annual education at a glance report, a major compendium of statistics measuring the state of education across the world. The…

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Roy Cooper and NC Senate leader tangle over taxes and education spending

RALEIGH Gov. Roy Cooper and Senate leader Phil Berger opened the legislative session with a disagreement over education spending and taxes. Cooper was the guest Wednesday morning at the annual Eggs & Issues Breakfast sponsored by the Public School Forum of North Carolina. Public School Forum President and CEO Keith Poston interviewed Cooper before a live audience for the forum’s television show Education Matters. “Clearly we have to invest more in education, and that’s going to be at the top of my list as I prepare my budget,” Cooper said…

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Blame Technology, Not Longer Life Spans, for Health Spending Increases

American life spans are rising, and as they are, health care spending is, too. But longevity is not contributing to the spending increase as much as you might think. The median age in the United States will rise to about 40 by 2040, up from 37.7 today. That’s partly because the average American lives three years longer today — reaching nearly 79 years old — than in 1995. The Congressional Budget Office credits population aging for a substantial portion of its projected increase in health care spending — from 5.5…

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Health Spending Rises for Second Year in a Row

A spike in the use of healthcare services and a continued rapid increase in spending on prescription drugs helped push up the nation’s health spending in 2015, but the rate of growth was still lower than historic trends, government economists said. Overall, the United States spent $3.2 trillion on healthcare in 2015, or about $9990 per person, according to economists, who work for the Centers for Medicare & Medicaid Services (CMS). That represents a 5.8% increase in spending from 2014, when spending rose 5.3%. The growth in spending in 2014…

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U.S. Health Spending in 2015 Averaged Nearly $10,000 Per Person

WASHINGTON — Total spending on health care in the United States increased last year at the fastest rate since the 2008 recession, reaching $3.2 trillion, or an average of nearly $10,000 a person, the Department of Health and Human Services reported on Friday. The growth coincided with continuing increases in the number of Americans with insurance coverage, through private health plans or Medicaid. Federal spending on health care has increased by 21 percent over the past two years, as millions of Americans gained coverage through the Affordable Care Act, the…

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Did Spending On Health And Education Fall Since 2014? Finally Some Answers

Two new studies are finally helping answer the question–did spending on social sectors like education and healthcare fall in the last two years? When Finance Minister Arun Jaitley presented the budget in 2015 and 2016, the Narendra Modi government was criticised for making cuts in spending on key social sectors including health and education. At first glance, this seemed to be true. Caveats: the numbers are from the Finance Ministry’s Indian Public Finance Statistics 2015-16 and so the 2014-15 and 2015-16 numbers are revised estimates and budget estimates respectively, and…

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More education spending not raising standards, Productivity Commission says

Spending on education in Australia has increased yet standards have stagnated, because data is not being used effectively to improve student outcomes, according to the Productivity Commission. The federal government’s economic policy adviser said data collected across Australia’s school systems needed to be used not only to monitor performance but officials need to go the extra step of using the evidence to developing more effective programs, policies and teaching practices. “There has been a 14% increase in spending per student over the last 10 years, yet student performance remains broadly…

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