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[48] [49] Assuming $3.2 trillion is spent on healthcare per year, a 10% savings would be $320 billion per year and a 15% savings would be nearly $500 billion per year. For scale, cutting administrative costs to peer country levels would represent roughly one-third to half the gap.
In 2006, per-capita spending for health care in Canada was US$3,678; in the U.S., US$6,714. The U.S. spent 15.3% of GDP on healthcare in that year; Canada spent 10.0%. [8] In 2006, 70% of healthcare spending in Canada was financed by government, versus 46% in the United States.
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.
Nearly one in four older adults in the U.S. spent at least $2,000 in out-of-pocket expenses last year, compared to less than 5% of older adults in France and the Netherlands who spent that much ...
Health care spending in the U.S. in 2022, the last year of complete data, was $4.5 trillion, which may or may not be an appropriate amount. A recent study, however, projects that by 2032, spending ...
New Jerseyans and their employers spent more than $7,900 per person on health care in 2021, 15% higher than the national average.
As of 2008, public spending accounts for between 45% and 56% of US healthcare spending. [132] Surgical, injury, and maternal and neonatal health hospital visit costs increased by more than 2% each year from 2003–2011.
An earlier study by AHRQ found that a significant persistence in the level of health care spending from year to year. Of the 1% of the population with the highest health care spending in 2002, 24.3% maintained their ranking in the top 1% in 2003. Of the 5% with the highest spending in 2002, 34% maintained that ranking in 2003.