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US Health Expenditure vs US Bank Lending Interest Rate

US Health Expenditure and US Bank Lending Interest Rate correlate at r = -0.71 over 22 years (2000–2021), p = 2.1e-4. With the time trend removed, r = -0.60. Holds up after detrending.

Verdict: Holds up after detrending. Statistically significant (p = 2.1e-4) and the association survives trend removal (detrended r = -0.60). Correlation still isn't causation, but this one isn't an obvious artifact.

Pearson r
-0.71
p-value
2.1e-4
Years compared (n)
22 (2000–2021)
95% confidence interval
-0.87 to -0.41
Correlation with the time trend removed
-0.60

Sources

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Correlation does not imply causation. How the verdict is worked out.