this post was submitted on 19 Dec 2023
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U.S. government spent more on health care in 2022 than six countries with universal health care combined (www.statnews.com)
submitted 11 months ago by MicroWave@lemmy.world to c/news@lemmy.world
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American taxpayers footed the bill for at least $1.8 trillion in federal and state health care expenditures in 2022 — about 41% of the nearly $4.5 trillion in both public and private health care spending the U.S. recorded last year, according to the annual report released last week by the Centers for Medicare and Medicaid Services.

On top of that $1.8 trillion, third-party programs, which are often government-funded, and public health programs accounted for another $600 billion in spending.

This means the U.S. government spent more on health care last year than the governments of Germany, the U.K., Italy, Spain, Austria, and France combined spent to provide universal health care coverage to the whole of their population (335 million in total), which is comparable in size to the U.S. population of 331 million.

Between direct public spending and compulsory, tax-driven insurance programs, Germany spent about $380 billion in health care in 2022; France spent around $300 billion, and so did the U.K.; Italy, $147 billion; Spain, $105 billion; and Austria, $43 billion. The total, $1.2 trillion, is about two-thirds of what the U.S. government spent without offering all of its citizens the option of forgoing private insurance.

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[–] slowwooderrunsdeep@lemmy.world 6 points 10 months ago

one reason the costs are lower in Europe is bc govts over there put strict limits on how much providers can charge for services and prescriptions, which is something the US refuses to do. Healthcare costs in the US are made up by pharma companies depending on how much they think they can get away with.