Friday, April 19, 2013

Health spending and life expectancy

A brief follow up on the post on Baumol's Disease and healthcare costs. It's obvious that something else is also going on in the US, since the costs are much higher than in other countries with similar results. Graph below show spending on health as a share of GDP and life expectancy in 4 countries.
Note that the US spending almost 7% of GDP more than the next, and does not do better as a result. A broader public healthcare system as in the other 3 is part of the explanation. Data comes from Index Mundi.

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