Online Marketing Blog| Ad networks| Ecommerce |Digital Advertising | Social Media | SEO, SEM

Translate

Search

Tuesday, February 22

US Healthcare Costs Vs World Healthcare Costs

3 comments


Washington Post recently posted a report on the US Health industry and the costs asssociated with Medical Care .

An insurance industry CEO  explains why American health care costs so much. You can read the detailed very interesting and insightful post here : Why US Healthcare Costs so much( washington Post)

There is a simple explanation for why American health care costs so much more than health care in any other country: because we pay so much more for each unit of care. As Halvorson explained, and academics and consultancies have repeatedly confirmed, if you leave everything else the same -- the volume of procedures, the days we spend in the hospital, the number of surgeries we need -- but plug in the prices Canadians pay, our health-care spending falls by about 50 percent.

In other countries, governments set the rates that will be paid for different treatments and drugs, even when private insurers are doing the actual purchasing. In our country, the government doesn't set those rates for private insurers, which is why the prices paid by Medicare, as you'll see on some of these graphs, are much lower than those paid by private insurers. You'll also notice that the bit showing American prices is separated into blue and yellow: That shows the spread between the average price (the top of the blue) and the 90th percentile (the top of the yellow). Other countries don't have nearly that much variation, again because their pricing is standard.


Worldwide healthcare costs via visualeconomic







Healthcare Costs Around the World
According to Reuters, “The United States spends more on healthcare than any country in the world but has higher rates of infant mortality, diabetes and other ills than many other developed countries.”

Total Health Expenditures as a Percentage of GDP
In Australia, the total health expenditures as a percentage of GDP are about 9 percent. In Austria, the total health expenditures as a percentage of GDP are about 9.5 percent. In Belgium, the total health expenditures as a percentage of GDP are about 10 percent. In Canada, the total health expenditures as a percentage of GDP are about 10 percent. In Denmark, the total health expenditures as a percentage of GDP are about 8.5 percent. In Finland, the total health expenditures as a percentage of GDP are about 7 percent.

In France, the total health expenditures as a percentage of GDP are about 10 percent. In Germany, the total health expenditures as a percentage of GDP are about 11 percent. In Iceland, the total health expenditures as a percentage of GDP are about 10.5 percent. In Ireland, the total health expenditures as a percentage of GDP are about 7 percent. In Italy, the total health expenditures as a percentage of GDP are about 8.5 percent. In Japan, the total health expenditures as a percentage of GDP are about 7.5 percent 

In Luxembourg, the total health expenditures as a percentage of GDP are about 7 percent. In Netherlands, the total health expenditures as a percentage of GDP are about 9 percent. In Norway, the total health expenditures as a percentage of GDP are about 10 percent. In Sweden, the total health expenditures as a percentage of GDP are about 9.5 percent. In Switzerland, the total health expenditures as a percentage of GDP are about 11.5 percent. In United Kingdom, the total health expenditures as a percentage of GDP are about 7.5 percent. In United States, the total health expenditures as a percentage of GDP are about 15 percent.( visual economics)

Visual Economics:
http://www.visualeconomics.com/

If You Enjoyed This, Take 5 Seconds To Share It

3 comments:

Steffi said...

My cousin recommended this blog and she was totally right keep up the fantastic work!


Health Care

Steffi said...

just linked this article on my facebook account. it’s a very interesting article for all.



Health Care

Steffi said...

just linked this article on my facebook account. it’s a very interesting article for all.



Health Care

There was an error in this gadget