Question by sashmead2001: Why does the USA spend so much more on healthcare than the UK?
The UK spends 8.9% of its Gross Domestic Product on healthcare, 83% of this funded by the state. This equates to $ 2992 dollars per person.
The US spends 16% of its GDP on healthcare, the majority of it through private health services. This equates to $ 7290 per person per year. This is the most expensive healthcare system in the world.
Why is there such a disparity in expenditure on healthcare? Why does the UK and all other G7 countries have a higher life expectancy than the US? Why does the US spend more than $ 2500 per head more than the next country, Norway?
And why, given how costly the American health service is, are there so many people who aren’t able to access adequate healthcare?
(All statistics from the Organisation for Economic Co-operation and Development)
@goodluckwiththat: Yes, the OECD has its headquarters in Paris, but it’s an international organisation which the US is a member of. Secondly, I doubt that the OECD would make up statistics. I can assure you that elderly people in the UK are not left to die. My grandmother has been in hospital probably around 10 times in the last two years and has never been denied care.
Answer by William K
The US comes up with almost all new treatments and medications, which other countries then use without the expense of research and development. For this reason alone, the US going socialized will kill many people worldwide who won’t benefit from new advances that our capitalist system would have created over the next few decades.
Know better? Leave your own answer in the comments!