Healthcare Spending of Top 10 Nations
The United States currently ranks highest in health care spending among the developed nations of the world, according to data released by the Organization for Economic Co-operation and Development (OECD). The United States spends more on health care than other countries, because it pays more for health care services and administration. People in the wealthiest parts of the world are living longer than ever. While in most wealthy countries universal health coverage gives financial protection to people against the cost of illness, many in other parts of the world still live without access to basic healthcare.
Health care spending in the United States greatly exceeds that in other wealthy countries, but the U.S. does not achieve better health outcomes. Policymakers commonly attribute this spending disparity to overuse of medical services and underinvestment in social services in the U.S. Below chart collection represent how spending on healthcare in the United States compares to other G20 countries that are similarly large and wealthy.