US spends most for healthcare in the world.
Once again, it is official. The US spends most for healthcare in the world.
“Health at a Glance, ” the OECD’s most recent report based on comparable data on the performance of health systems in its member countries, an Amercian spends $8,713 a year. This level of health spending is two-and-a-half times the average of all OECD countries ($3,453) and nearly 40% higher than the next biggest spender, Switzerland.
In 2013, the United States spent 16.4% of GDP on health, remaining well above the OECD average and more than five percentage points above a group of high-income countries all at around 11%, which include the Netherlands, Switzerland, Sweden, Germany and France.
The good news is that the United States has seen its health spending to GDP ratio remain consistent at 16.4% since 2009, in contrast to the earlier steep rise whereby the share increased almost two percentage points between 2005 and 2009.
Among $8,713 a year spending in 2013, 52% was spent for outpatient care, followed by 18% for inpatient care and 13% for medical goods such as drugs and medical devices. With more than USD 1 000 in 2013, the United States spent far more on pharmaceuticals than any other OECD country on a per capita basis, and double the OECD average.