Question

In: Economics

How does U.S. spending on social benefits compare with other nations, once private benefits and lower...

How does U.S. spending on social benefits compare with other nations, once private benefits and lower tax rates are taken into account?

This is for a Health care politics class

Solutions

Expert Solution

US has always been known for excellent healthcare services and innovation. But on top of it it is known to have a good spending on social benefits. With lower taxes and more expenditure on healthcare sector, has always cherished by other countreies.

Below figures will tell alot out the US spending compared to other countries.

The total net social expenditure in US is 28.7% of GDP , marginally below france.

(source - https://www.washingtonpost.com/news/wonk/wp/2015/04/09/how-the-u-s-spends-more-helping-its-citizens-than-other-rich-countries-but-gets-way-less/?utm_term=.eec8c0b80876)

The above figure shows that US is much ahead of the other countries in spending on men to minimize the life lost.

The spending by US can hardly be compared to other countries as the pending by us is commendable.


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