Question

In: Economics

Describe the relationship between how much the U.S spends on healthcare and life expectancy rates?

Describe the relationship between how much the U.S spends on healthcare and life expectancy rates?

Solutions

Expert Solution

The US stands out as an outsider: it spends much more on health than any other country, yet the American population's life expectancy is not longer, but actually shorter than in other countries which spend far less. This growth has contributed to substantial disparity between the United States and other rich countries. In the US per capita health spending is more than three times higher than in many other rich countries, yet the populations of countries with much lower health expenditure than the US lead significantly longer lives.

Administrative costs in the health sector are higher in the US than in other nations; they also point out that price comparisons between countries depend on changes that are not ideally suited to comparing health-care costs, and this could make comparisons harder. Often, these analyzes point out that the rates of violence in the US are, and this is so, higher than in other rich countries). But while this may explain the difference in rates, the difference in patterns is unlikely to explain

Growth in health care spending slowed in the US and around the world. In recent years, per capita growth in health care spending in the US has slowed from 2.47 per cent in 2003–09 to 1.50 per cent in 2009–13. This decline has also happened in other countries, with spending growth in Denmark and the UK having also turned negative. The Americans spend the least on social services. Just 9 per cent of GDP is spent by the US on social services such as disability benefits or job programs. It is the only nation surveyed where spending on health care accounts for a larger share of GDP than the spending on social services. France and Sweden, on the other hand, invested 21% of GDP on social services.

High spending on health in the U.S. has far-reaching economic consequences, impacting employment and personal financial well-being while exacerbating budget deficits, the authors say. New healthcare structures such as accountable care organizations, which pay for patient outcomes based on providers, may encourage higher quality, lower-cost care. Such models, they claim, could also help bring about a move toward proportionally higher spending on social services, as health care providers are encouraged to think more deeply about what needs to be safe for their patients.


Related Solutions

24. The difference between the life expectancy and healthy adjusted life expectancy is a measure of...
24. The difference between the life expectancy and healthy adjusted life expectancy is a measure of the average equivalent number of years lost due to: bad health and disability. a bad economy. bad health excluding disability. death of a breadwinner in the family. to disability excluding bad health. Identify the coverage that fills in the coverage gap that arises when the negligent party meets the financial responsibility law of the state, but the auto accident victim has losses in excess...
Explain the term life expectancy .why do you think life expectancy of women is much longer...
Explain the term life expectancy .why do you think life expectancy of women is much longer than man? Use own words please and thank you!
Describe the relationship between interest rates set by the Fed and inflation rates.
Describe the relationship between interest rates set by the Fed and inflation rates.
Describe the relationship between a star’s mass and the time a planet spends in its CHZ....
Describe the relationship between a star’s mass and the time a planet spends in its CHZ. What kind of star is the better candidate in terms of one of its planets being able to spend the maximum amount of time in the CHZ – a low-mass star, or a high-mass star? Explain.
The Mean life expectancy of Men in the U.S. is 78 years , with a population...
The Mean life expectancy of Men in the U.S. is 78 years , with a population standard deviation of 7 years. A new study is using a random sample of 64 men to study life expectancy. A. What is the Shape, Mean (expected value) and standard deviation of the sampling distribution of the sample mean for this study? B. What is the probability that the sample mean will be larger than 80 years? C. What is the probability that the...
Summarize the trends in life expectancy in the U.S. from the early 20th century into the...
Summarize the trends in life expectancy in the U.S. from the early 20th century into the 21st century. Be detailed and specific in your answer
Which of the following statements is true?A. Life expectancy around the world was much higher...
Which of the following statements is true?A. Life expectancy around the world was much higher 70 years ago than it is today.B. Life expectancy around the world was much lower 70 years ago than it is today.C. There is no gap between the life expectancy rates in rich and poor nations today.D. Global drug innovation helped lower the life expectancy rate around the world.Consider two countries: A and B. In country A, the annual growth rate of GDP per capita...
Expectancy Theory According to expectancy theory, motivation involves the relationship between your effort, your performance, and...
Expectancy Theory According to expectancy theory, motivation involves the relationship between your effort, your performance, and the desirability of the outcomes (such as pay or recognition) you receive for your performance. These relationships are affected by three elements- expectancy, instrumentality, and valence. For your motivation to be high, you must have a high level of all three of these elements. If any element is low, motivation decreases. This activity is important because the underlying logic of expectancy theory is understandable...
The U.S. Center for Disease Control reports that the mean life expectancy was 47.6 years for...
The U.S. Center for Disease Control reports that the mean life expectancy was 47.6 years for whites born in 1900 and 33.0 years for nonwhites. Suppose that you randomly survey death records for people born in 1900 in a certain county. Of the 124 whites, the mean life span was 45.3 years with a standard deviation of 12.7 years. Of the 82 nonwhites, the mean life span was 34.1 years with a standard deviation of 15.6 years. Conduct a hypothesis...
Life expectancy of men and women in the U.S. has greatly increased over the course of...
Life expectancy of men and women in the U.S. has greatly increased over the course of the 20th century.  However, there are also currently lifestyle issues that are affecting life expectancy and quality of life today. One that is highly prevalent in the news is childhood obesity; another is vaping and tobacco use overall. What programs have helped prevent disease or injury? What are some other specific examples of lifestyles/behavior issues that are increasing our risk of premature death? How can...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT