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A gap of 5% GDP represents $1 trillion, about $3,000 per person relative to the next most expensive country. In other words, the U.S. would have to cut healthcare costs by roughly one-third ($1 trillion or $3,000 per person on average) to be competitive with the next most expensive country.
Health care cost as percent of GDP (total economy of a nation). [2] [3] Graph below is life expectancy versus healthcare spending of rich OECD countries. US average of $10,447 in 2018. [7] See: list of countries by life expectancy.
A list of countries by health insurance coverage. ... Total healthcare cost per person. Public and private spending. ... US average of $10,447 in 2018. [12]
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In 2023, a 65-year-old single person may need $157,500 in after-tax savings to pay for retirement health care costs, according to a Fidelity Retiree Health Care Cost Estimate. The average 65-year ...
Denmark spends 11.1% of the country's GDP on health care, or around $4,464 per person. However, the country's life expectancy is 79.3 years, below the OECD average of 79.8. 6.
This article includes 2 lists of countries of the world and their total expenditure on health as a percent of national gross domestic product (GDP). GDP is a measure of the total economy of a nation. Total expenditure includes both public and private health expenditures. See also: List of countries by total health expenditure per capita.
According to annual data released by KFF, the average family's health care premium cost $23,968 in 2023, marking a 7% increase over last year. In the last decade, health care costs generally rise ...