Where is Health Care Spending Growing the Fastest? Answer: Not Here.
We have previously noted that the real rate of growth per capita spending on health care in the US over the past 40 years is right at the OECD average. Here are some more recent numbers:
Source: Mandel, Michael. “Where are Healthcare Costs Rising the Fastest?” Business Week, September 9, 2009.
Fascinating chart.
Now all you need is an accompanying chart showing annual growth in health care value. That 5.8 percent may be a bargain.
I’m sure this will come as a complete shock to people who don’t know anything about international health care statistics.
did anybody read some of the criticisms below the graph. that health care as a function of GDP is missing and comparing “apples” to “oranges”
All I ever hear is how we are worse than everyone else. Clearly we are not.
The text below the graph $PPP indicates a purchasing power parity currency conversion. This isn’t share of GDP, which doesn’t matter much in any case, it is per capita spending increases.
Awww September, Thank You! You are always wlcmoee. I enjoy conversing with you very much.LOL! You never know. Good for you, I think we are in a time where we can still do something about it. We live in a great country and we should want it to remain that way. I know I’m very passionate about it. Together we can make a difference. I do believe that.