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U.S. healthcare costs in 2015 were 16.9% GDP according to the OECD, over 5% GDP higher than the next most expensive OECD country. [2] With U.S. GDP of $19 trillion, healthcare costs were about $3.2 trillion, or about $10,000 per person in a country of 320 million people.
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.
The United States spends much more money on healthcare than Canada, on both a per-capita basis and as a percentage of GDP. [8] 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]
Healthcare expenditures grew 4.1% in 2022, reaching $4.5 trillion and accounting for 17.3% of US GDP. The ballooning costs highlight the crux of the US healthcare conundrum: The US spends more on ...
In 2022, the U.S. spent more than 17%—about $4.5 trillion dollars—of its gross domestic product on health care, according to a Kaiser Family Foundation analysis of national health expenditure ...
This cost-spreading mechanism often picks up much of the cost of health care, but individuals must often pay up-front a minimum part of the total cost (a deductible), or a small part of the cost of every procedure (a copayment). Private insurance accounts for 35% of total health spending in the United States, by far the largest share among OECD ...
The average health care cost per person in South Dakota came in at $11,736, putting it ninth overall for personal health care costs. Nearly half of adults in the state reported not receiving care ...
Transfer payments to (persons) as a percent of Federal revenue in the United States Transfer payments to (persons + business) in the United States. CBO projects that spending for Social Security, healthcare programs and interest costs will rise relative to GDP between 2017 and 2027, while defense and other discretionary spending will decline relative to GDP.