It’s a fact: Americans spend too much on healthcare.
While the U.S. makes up 5 percent of the world’s population, Americans consume more than 50 percent of the world’s pharmaceuticals.
We spend more on healthcare than the next nine biggest spenders combined, including Japan, France, China, UK, Italy, Canada, Brazil, Spain, and Australia.
That might be tolerable if we were getting more “bang for our buck,” with better health indicators than countries that spend less.
But on nearly every health indicator monitored by the World Health Organization (WHO) — including infant mortality and life expectancy — the U.S. finishes either last or near last.
What exactly does paying the most for healthcare get us?
Compared to every major Western country, the U.S. has the highest infant mortality rate and U.S. men and women suffer more chronic illness and they have shorter lifespans.
If our elected leaders (both Republicans and Democrats) were doing their jobs, they would do more to overhaul to our overpriced, poorly performing medical system.
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