The Council WELCOMES the Joint Report and HIGHLIGHTS that Health spending contributes to better health, which contributes to economic prosperity through higher labour market participation and productivity and will therefore be crucial in the context of an ageing society and longer working lives. Health spending absorbs a significant and growing share of resources and all EU Member States face strong and growing pressures on their health systems. The health sector in Europe is also a major employer and a source of innovation and hence supports jobs and knowledge creation.