High Healthcare Expenditure Doesn’t Ensure Better Health, According to Recent OECD Data
Recent data collected by the Organization for Economic Co-operation and Development (OECD) now shows that the U.S. is spending more on healthcare coverage than any other developed country, despite the fact that American citizens still have the highest obesity percentage worldwide (28.6%) and the 8th lowest life expectancy worldwide (78.7 years). The report states that the U.S. spent about $8,745 in healthcare costs per capita in 2012, which is approximately $2,500 more than Norway, which grabbed second place in healthcare expenditure in 2012.
Although ideally a higher healthcare expenditure should mean that citizens generally experience better health, it appears that many developed nations still struggle with basic healthcare problems. Luca Lorenzoni, a health economist who is familiar ...