It’s a staggering fact: healthcare spending in the United States is significantly higher than in other OECD countries and ranks 35th Least healthiest out of 38 countries, according to the Bloomberg Index. In 2021, the U.S. spent $12,197 per individual on healthcare, while the average total spending on health in OECD countries was a mere $4,715 per individual. Even Switzerland, the second-highest spender among OECD countries, paid only about two-thirds the amount the U.S. spent per individual.
In 2021, the average total spending on health in OECD countries was $4,715 U.S. dollars per individual. However, in stark contrast, the United States spent almost three times that amount, totaling $12,197 U.S. dollars per individual. This significant disparity in healthcare spending, with the U.S. emerging as the highest spender among all OECD countries, is a topic of intrigue and warrants further exploration. Even Switzerland, the second-highest spender among OECD countries ($7,582), paid only about two-thirds the amount the U.S. spent per individual.
ADA ground breaking study published in Nature Medicine has revealed a bizarre Fat Dissolving loophole that will trigger a unique fat-melting chain reaction that liquefies fat cells as you sleep Check it Out Tap/Click Here
The Organisation for Economic Co-operation and Development (OECD) is an international organization of 38 member countries that collaborates to promote sustainable development, economic growth, and prosperity.
The most significant difference in health spending between the U.S. and other countries was inpatient and outpatient care. Inpatient care refers to medical care that requires a patient to stay in a hospital. In contrast, outpatient care is medical care that does not require an overnight hospital stay. These types of care accounted for the largest share of the difference between the U.S. and other countries. They represented a more significant share of health spending in 2018.
In 2021, approximately 56% of total health spending in the U.S. came from public funds, much lower than the OECD average of 73%. This means that a significant portion of health care spending in the U.S. comes from private sources, such as insurance companies and individuals paying out of pocket.
Overall, healthcare spending in the U.S. is much higher than in other countries of the Organisation for Economic Co-operation and Development (OECD). The main driver of this difference lies in the cost of inpatient and outpatient care. While the U.S. spends a smaller share of its healthcare budget on public funds, it still spends significantly more on healthcare per person than any other OECD country.
According to recent data, compared to other OECD countries, the life expectancy at birth in the United States ranks 32nd out of 38. The life expectancy at birth in the United States is 76.4 years, generally between Colombia and Poland. Colombia ranks 31st with a life expectancy of 76.8 years, while Poland ranks 33rd at 75.5 years. Source https://www.americashealthrankings.org/learn/reports/2023-annual-report/international-comparison
The current state of healthcare in the US is problematic, as it is driven primarily by the motive of profit-making rather than patient care. It is a system where the bottom line is more important than the health of the people it is meant to serve. This approach to healthcare is unacceptable, and it is high time we take a step back and reevaluate our priorities.
