🎓 Rise in K12 Education Spend. US Healthcare Expense Up 60%. Semiconductor Demand.
Chart of the Day #348 Looks at Federal K12 Fund Allocation, US National Healthcare Expenditure, and Global Semiconductor Demand by Sector.
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Renewable energy industry powers new job growth in SD. Molina Healthcare of Florida and The MolinaCares accord donate $170,000 to support health and wellness in Florida communities. Rheinmetall to build £400m defence manufacturing plant in Telford, creating 400 jobs. Capgemini and Nasscom Foundation train 700+ youths in AI and digital skills.
Google has partnered with the University of Michigan to provide AI training and career skills. Cisco launched a global AI hub and training program in France. California approves $618M to support 458 community schools across the state.
Today's Topics
🎓 K12 Education. Government spend on K-12 education rose 50%
⚕️ Healthcare. US national healthcare expenditure increased by >60%
🏭 Advanced Manufacturing. 5% more chip demand in communication vs. computing
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🎓 Government Spend on K-12 Education Rose 50%
Federal funding for K-12 education rose sharply from nearly $90B in 2021 to over $120B in 2022. This increase supports goals of equity and access under the Elementary and Secondary Education Act (ESEA) and the Individuals with Disabilities Education Act (IDEA), which fund disadvantaged and special education students. The surge reflects a strategic federal commitment to closing achievement gaps and enhancing educational outcomes nationwide.
⚕️ US National Healthcare Expenditure Increased by > 60%
US national healthcare spending rose by over 60% from 2014 to 2023, with a major spike in 2020 due to COVID-19. To address rising costs and improve access, the government implemented the Affordable Care Act (ACA) to expand coverage and the CMS Innovation Center to promote value-based care, aiming to enhance quality while controlling expenditure growth. With announced budget cuts set to take effect in 2026, concerns have arisen regarding the future of US healthcare.
🏭 5% More Chip Demand in Communication vs. Computing
In 2023, the communication industry led semiconductor demand at over 30%, 5% higher than the computing industry at 25%. To support this growth, governments implemented key policies like the CHIPS and Science Act, boosting US semiconductor manufacturing and R&D, and the North American Semiconductor Corridor (NASC), promoting regional collaboration. These initiatives aim to strengthen supply chains, innovation, and workforce development across sectors, including automotive, industrial, and consumer electronics.
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