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Health care cost as percent of GDP (total economy of a nation). [1] [2] Life expectancy vs healthcare spending of rich OECD countries. US average of $10,447 in 2018. [3] 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.
Health care cost as percent of GDP (total economy of a nation). [1] [2] Life expectancy vs healthcare spending of rich OECD countries.US average of $10,447 in 2018. [3]This article includes 2 lists of countries of the world and their total expenditure on health as a percent of gross domestic product (GDP).
The Congressional Budget Office (CBO) estimated that the health insurance premium for single coverage would be $6,400 and family coverage would be $15,500 in 2016. The annual rate of increase in premiums has generally slowed after 2000, as part of the trend of lower annual healthcare cost increases. [38]
Story at a glance In 2021, the U.S. spent 17.8 percent of GDP on health care, nearly double the average of 9.6 percent for high-income countries, according to a new report from The Commonwealth Fund.
The U.S. spent $1,055 per individual on "governance and health system financing administration" in 2020, compared with the average of $193 per person in similarly wealthy countries, according to a ...
As of 2016 [update], the US spent $3.3 trillion (equivalent to $4.11 trillion in 2023; [ 104 ] 17.9% of GDP), or $10,438 (equivalent to $13,252 in 2023 [ 31 ]) per person; major categories included 32% on hospital care, 20% on physician and clinical services, and 10% on prescription drugs. [ 123 ]
In 2006, 70% of healthcare spending in Canada was financed by government, versus 46% in the United States. Total government spending per capita in the U.S. on healthcare was 23% higher than Canadian government spending. U.S. government expenditure on healthcare was just under 83% of total Canadian spending (public and private).
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022.