Fierce Healthcare August 16, 2019
A new study compares U.S. spending on health and social services to other countries.
A new study takes a look at how the U.S. stacks up to other developed countries on healthcare and social spending.
Researchers led by a team at Harvard University found that in 2015, the U.S. spent about 16% of its gross domestic product (GDP) on social services, slightly less than the 17% average across Organization for Economic Cooperation and Development (OECD) countries.
However, the U.S. also spent more on average on healthcare than other OECD countries, the study found. In the U.S., health spending accounted for about 16% of GDP compared to 8% in other countries.
The researchers said they decided to undertake...