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Sunday, February 21, 2016

The cost of healthcare for multiple countries

"A teaspoon of sugar is equal to 4 grams of sugar."

When trying to compare the amount a country spends on healthcare you just can't take their currency and convert it to dollars, you have to use a ratio of some kind, such as:
  • cost per citizen per year
  • total spending on healthcare vs GDP

Here's a graphic from National Geographic about the cost of healthcare vs the life expectancy. As you can see the US spends a HUGE amount of money with little increase in life span for it. In fact, US spending for healthcare is off the charts.

Here's a graphic about healthcare spending as a percent of GDP for many countries. Even countries with socialized medicine spend less per GDP, however their income taxes are also a bit higher than in the US.

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