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Showing posts with label cost. Show all posts
Showing posts with label cost. Show all posts

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.