Your Money at Work: Health Care

My Comments: We have a broken health care system. Band aids alone will not fix it. We, as members of our society, have allowed it to happen. Until enough of us care about the problem, it’ll remain broken. Demand a fix, or die before you’re ready to go. P.S. – the AHCA will make it worse and not just because the AMA says so.

America’s broken healthcare system – in one simple chart

Mona Chalabi / Jul 2, 2017

Healthcare in America is more expensive than in any other rich country. In 2016, the average American spent $4,571 on their health – a figure five times higher than the average out-of-pocket spending of other countries in the Organization for Economic Cooperation and Development (OECD).

That fact hasn’t changed much over the years: compared to 35 other countries, Americans have spent more on their health every year since 2000. Even once you factor in government spending, healthcare in the US is still more expensive than elsewhere. Total health spending last year, including private out-of-pocket and government spending, was $8,985 per person in the US while the OECD average was just $3,633.

And yet all that health spending hasn’t resulted in better health. The life expectancy of the average American is 78.8 years, putting the US a fraction ahead of the Czech Republic, where out of pocket spending was just $236 last year.

Also from Tony Kendzior: