High US health care spending explained by its high material standard of living
Strange, this neglects that portion of health care spend that is accounted for by profits, by marketing expenses and administrative&#x2F;billing bloat that ensues.<p>It also neglects that for its massively higher spend 10% of Americans aren&#x27;t covered and therefore don&#x27;t receive preventative care yielding massively higher final costs, and it doesn&#x27;t take into account the WHO ranks the US system as 31st in the world dramatically under all the socialized players.<p>[Edit] as I suspected [1] indicates a full 20% of spend is wasted mostly on profits and administrative costs. That should be taken off the top.<p>IMO this is a case of &quot;figures don&#x27;t lie, liars figure&quot; but without the malicious intent.<p>[1] <a href="https:&#x2F;&#x2F;www.cms.gov&#x2F;CCIIO&#x2F;Resources&#x2F;Files&#x2F;Downloads&#x2F;mlr-report-02-15-2013.pdf" rel="nofollow">https:&#x2F;&#x2F;www.cms.gov&#x2F;CCIIO&#x2F;Resources&#x2F;Files&#x2F;Downloads&#x2F;mlr-repo...</a>