The United States has the highest expenditure on health care per capita globally. However, the U.S. has an unique way of paying for their health care where a majority of the expenditure falls upon private insurances. In FY 2023, around one third of all health expenditure is paid by private insurance. Public insurance programs Medicare and Medicaid accounted for 22 and 18 percent, respectively, of health expenditure during that same year.
U.S. health care system
Globally health spending has been increasing among most countries. However, the U.S. has the highest public and private per capita health expenditure among all countries globally, followed by Switzerland. As of 2020, annual health care costs per capita in the United States totaled to over 12 thousand U.S. dollars, a significant amount considering the average U.S. personal income is around 54 thousand dollars.
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CMS. (November 15, 2023). Distribution of U.S. health care expenditure from 2015 to 2023, by payer [Graph]. In Statista. Retrieved December 13, 2024, from https://www.statista.com/statistics/237043/us-health-care-spending-distribution/
CMS. "Distribution of U.S. health care expenditure from 2015 to 2023, by payer." Chart. November 15, 2023. Statista. Accessed December 13, 2024. https://www.statista.com/statistics/237043/us-health-care-spending-distribution/
CMS. (2023). Distribution of U.S. health care expenditure from 2015 to 2023, by payer. Statista. Statista Inc.. Accessed: December 13, 2024. https://www.statista.com/statistics/237043/us-health-care-spending-distribution/
CMS. "Distribution of U.S. Health Care Expenditure from 2015 to 2023, by Payer." Statista, Statista Inc., 15 Nov 2023, https://www.statista.com/statistics/237043/us-health-care-spending-distribution/
CMS, Distribution of U.S. health care expenditure from 2015 to 2023, by payer Statista, https://www.statista.com/statistics/237043/us-health-care-spending-distribution/ (last visited December 13, 2024)
Distribution of U.S. health care expenditure from 2015 to 2023, by payer [Graph], CMS, November 15, 2023. [Online]. Available: https://www.statista.com/statistics/237043/us-health-care-spending-distribution/