ICD10monitor September 20, 2023
If one judges by statistics and performance scorecards alone, in the United States, healthcare means high cost and low quality.
The expenditures are enormous. Healthcare spending in the United States accounts for around 17 percent of gross domestic product (GDP), and the U.S. has the world’s largest. Other advanced countries spend between 9 and 11 percent of their considerably smaller GDPs. Historically, U.S. healthcare spending has grown faster than in other advanced countries. From 1980 until 2020, healthcare cost as a percentage of GDP doubled, but in other countries, it went up by only 2 percent. Healthcare has been a growth industry, so to speak.
Doctor compensation is uneven, and in the United States, there are some very wealthy doctors....
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