Money in Your Pocket: Healthcare and healthcare spending have moved front and center

Local News

The United States spends more on healthcare than any other country in the developed world.

 The US spends about $9000 per person on healthcare.

 The next closest is Switzerland, which is 25% less than the US, spending a bit over $7000 per person per year.

 Coming in third is Germany with $5119 per person a year spent on healthcare.

 Skipping right to #5 is Canada.  They’re spending about half as much as the United States.

 You would think if spending is higher, you’d get much better outcomes.  Unfortunately, that’s not the case.

 Health tends to be better in other developed countries with longer life expectancies than the US.

 The problem is that as big of a healthcare spending level as the United States has, a tremendous drag is placed on the economy.

 The challenge is how to fix that drag. 

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