No country spends as much on health care as the US. In 2021, Americans' spending on medical treatment increased by 2.7% and reached the astronomical sum of $4.3 trillion! That's $12,000 914 per American! Although it should be noted that this average is de facto higher, because as many as 29 million Americans in 2019 had no insurance policy at all and the lion's share of them did not pay for treatment.
The world's largest economy spends as much as 18.3% of its GDP on health care - a monstrous amount. Almost 2 times more than the average for more than 40 of the world's most developed countries - the OECD countries. Countries in this group on average spend 9.7% of GDP on health care (even before the pandemic, only 8.8% in 2019).
100 million Americans with medical debt!
Medical treatment costs salaciously in the US. So salubrious,...
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