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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. Healthcare spending in the U.S. was distributed as follows in 2014: Hospital care 32%; physician and clinical services 20%; prescription drugs 10%; and all other ...
Map of total public and private health expenditure per person (see year above map). [1] This article includes 2 lists of countries of the world and their total expenditure on health per capita. Total expenditure includes both public and private expenditures. See also: Health spending as percent of gross domestic product (GDP) by country.
The Centers for Medicare and Medicaid (CMS) reported that U.S. health care costs rose 5.8% to reach $3.2 trillion in 2015, or $9,990 per person. As measured by CMS, the share of the U.S. economy devoted to health care spending was 17.8% GDP in 2015, up from 17.4% in 2014.
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 ...
At every turn, it seems, there's bad news about health care costs: America has the highest health care costs among the 34 member nations of the Organisation for Economic Co-operation and ...
According to professional services firm Aon, “The average cost of employer-sponsored health care coverage in the U.S. is expected to increase 9.0 percent, surpassing $16,000 per employee in 2025.”
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]
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