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Compared to other OECD countries, U.S. healthcare costs are one-third higher or more relative to the size of the economy (GDP). [2] According to the CDC , during 2015, health expenditures per-person were nearly $10,000 on average, with total expenditures of $3.2 trillion or 17.8% of GDP . [ 3 ]
There are a few other countries than just OECD countries. [2] [3] Click to enlarge. Timeline of a few OECD countries: 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. [6] See: list of countries by life expectancy.
These extra costs, for which Medicare beneficiaries are on the hook, make it more difficult for older Americans to receive affordable care compared with older adults in nine other countries ...
US healthcare expenditure as share of GDP, 1929–2013 [123] Though the U.S. healthcare system tends to produce more innovation, it has a lower level of regulation, and almost every form of its healthcare costs more than other high-income countries. [124]
Older adults in the U.S. skip needed medical care at much higher rates compared to other developed countries, according recent survey conducted by The Commonwealth Fund. The study said 8% to 9% of ...
Health care spending a major focus for US. Americans have seen a slew of health care reform bills over the past decade, and the COVID-19 pandemic brought health spending under more scrutiny.
This graph depicts gross U.S. health care spending from 1960 to 2008. In 2002, automotive companies claimed that the universal system in Canada saved labour costs. [155] In 2004, healthcare cost General Motors $5.8 billion, and increased to $7 billion. [156]
Healthcare in other wealthy countries costs about half as much. ... Against this backdrop and in a bit of good news for Americans, the Mercer survey found that two-thirds of employers either do ...