In: Economics
In at least a 250 word posting, respond to the following question. Is the United States getting its money's worth in terms of health outcomes for the money spent on health care? After reading the postings of other students select the one that you found most interesting to respond to. Your response should be at least 75 words and include why you found this posting interesting.
No, the United States is not getting the money's worty in terms of health outcomes according to what amount is spent on health care by the United States every year.
The United States has the most expensive health care systems in the entire world. A big percentage of GDP of the United States is spent on health care system. In the year 2018, the United States spent 16.9% of gross domestic product on health care. This was twice as much as many countries like OECD countries.
But despite all this, the health care outcomes of the United States ranks the last compared to many industrialised countries of the world.
Australia, Canada, Germany, Netherlands, United Kingdom have better health care outcomes compared to that of United States despite the fact that some of these economies spend less than the United States on health care system. These countries have better access to health care and also their health care system is more efficient and is better in quality. People in these countries lead a productive and healthy lifestyles compared to the citizens of the United States.
When compared with people of OECD countries also, the people of the United States has highest chronic disease burden. Also the obesity rate is double in the United States compared to that of people of OECD countries. The life expectancy rate in the United States is also the lowest and has highest suicidal rate compared to 11 OECD nations.
This highly proves that the United States is not getting money's worth in terms of health care outcomes.