Being a US resident, your brows can easily raise with the title of this post. Supposing you are not, this is still the stuff worth knowing. Why?
Simply because it is about health, and it talks about a much discussed aspect – health expenditure!
Let’s admit it – health takes a considerable portion of one’s annual income today. So indisputably, it is one of the predominant areas of outlay for folks around the world. Numerous studies get organized every year so as to understand various dimensions of health expenditure.
However, findings of a special research based on the statistics of Organization for Ecommerce and Development (OCED), probing health expenditure of people in United States against those living in OECD countries, have a special mention. Go ahead and find out, but ready to astonish yourself as you learn about some really strange details!
Prominent findings in view of the comparison
Some of the most prominent findings of the comparative study elucidate US as a bigger expender on healthcare as against other OECD countries. Taking cues from the statistics of 2014, one can easily underline the following aspects:
Per capita expenditure in US for outpatient care is enormously high touching $2,668 against the OECD figure of $727. Sweden is next to US in this list as the expenditure on outpatient care here is $1,381. The expenditure figures of US continue to be up in respect to inpatient care too, but the tally is almost neck to neck; US’s per capita spending here is $1,636 while OECD’s spending is $1,061.
In purchase of non-durable medical goods, US per capita expenditure is $752 against OECD’s $407. That clearly means people in US buy pharmaceuticals double the overall pharmaceutical expending of OECD countries.
Outflow on durable medical items or for therapeutic appliances in US is $78 per person which is slightly above $76 of OECD countries.
From the statistics, it sounds that health administration and insurance in OECD countries is not too much of a concern versus US. It is only $66 a person in OECD while the same goes up $465 a person in US. Somewhat similar picture appears in case of prevention from ailments too.
Broad outcome of the survey highlights that US’s healthcare expenditure is remarkably higher – be it for personal health care, collaborative health care or on availing medicinal facilities.
Is health expenditure in US exceedingly high?
Right now, you are subconsciously inquisitive over the fact and are bogged down with questions like – is US’s per capital health expenditure this exorbitant and is it to be said exceedingly high?
Well, the answer is here!
Another significant revelation of the study is worth putting here. It shows that health experts in US are one of the best paid professionals in world and so it is evident why the expenditure cost is high.
Add to it the fact that – US obesity rate scales above OECD countries, and rest of the world and a country with high percentage of obese individuals is likely to consume 77% more medicines than others.
One critical angle of the survey exposes that life-expectancy and mortality rate is subpar. Such health outcomes eventually indicate higher caution towards health meaning – frequent consultation, more clinical treatments, high drug purchase and precisely, higher medical expenditure!