High-Impact Human Capital Strategy by Jack J. Phillips & Patricia Pulliam Phillips

Author:Jack J. Phillips & Patricia Pulliam Phillips [Phillips, Jack J.]
Language: eng
Format: epub
Tags: BUS000000 Business & Economics / General
ISBN: 9780814436073
Publisher: AMACOM Books
Published: 2015-06-18T16:00:00+00:00

The Cost of the U.S. Healthcare System Compared to Other Countries

The Organization for Economic Cooperation and Development (OECD) tracks and reports on more than 1,200 health system measures across thirty-four industrialized countries.6 In a recent analysis, concentrated on OECD health data for Australia, Canada, Denmark, France, Germany, the Netherlands, New Zealand, Norway, Sweden, Switzerland, the United Kingdom, and the United States, healthcare spending in the United States towers over that of the other countries. The per capita spending of about $8,000 per year is about 60 percent more than the next country, Norway. Expenditures as a percent of GDP is at 17 percent, with France second at about 12 percent. Yet, the United States has fewer hospital beds and physicians and its citizens make fewer hospital and physician visits than in most other countries. Prescription drug utilization, prices, and spending all appear to be highest in the United States, as does the supply, utilization, and price of diagnostic imagining. U.S. performance on a limited set of quality measures is variable, ranking highly on five-year cancer survival, middling on in-hospital case-specific mortality, and poorly on hospital admissions for chronic conditions and amputations due to diabetes. These findings suggest opportunities for cross-national learning to improve health system performance.

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