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.
OECD, Health at a Glance 2021
Thanks! I always appreciate additional context with charts.
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.