• Masimatutu@lemm.eeOP
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      1 year ago

      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

      • sqgl@beehaw.org
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        1 year ago

        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.

    • Ersatz86@lemmy.world
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      1 year ago

      Further, is that number to include government healthcare funding, as well as out-of-pocket expense, in other words, money spent on behalf of the individual?

      I’d like some clarity as this chart on its face is pretty damning.