Expenditure on health gives a measure of the final consumption of health goods and services (i.e. current health expenditure). This includes spending by all types of financing arrangements (such as government-based programmes, social insurance and out-of-pocket spending) on medical services and goods, population health and prevention programmes, as well as administration of the health system.
Further, is that number to include government healthcare funding, as well as out-of-pocket expense, in other words, money spent on behalf of the individual?
I’d like some clarity as this chart on its face is pretty damning.
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OECD, Health at a Glance 2021
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You’re welcome! You were right to ask.
I’m always delighted to stumble on a wholesome exchange like this. Thank you both!
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So if I pay $10k per year for insurance and the insurance company spends $5k on fixing me then the total is $15k?
If so then doesn’t this paint ls USA in a worse light than it deserves since universally funded countries would only count $5k in this graph.
Further, is that number to include government healthcare funding, as well as out-of-pocket expense, in other words, money spent on behalf of the individual?
I’d like some clarity as this chart on its face is pretty damning.
It has to be, otherwise most of Europe would be along the y-axis.
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