When it comes to healthcare spending, the U.S. is without peer. Consider the 20 countries making up the Organization for Economic Cooperation and Development (called the OECD by the cool kids). The organization includes countries like Australia, Austria, Belgium, Canada, Chile, and the Czech Republic. Oh also Finland, France, Germany…you get the idea. It also includes the U.S. That means we can compare U.S. healthcare spending to lots of other countries and see exactly what’s going on.
And here’s what is going on. The median country in the OECD spends around 9% of its GDP on healthcare. The U.S. spends more than 17%.
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