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Encore: U.S. spends much more on health care than other developed nations

I am delighted that I’m not a health care expert. It allows me to opine without being constrained by complications.

Recently, I suggested that the time may have come to consider a single payer system, similar to those in many other countries. In passing, I asserted that the U.S. already spends substantially more, as a share of gross domestic product (GDP), than other developed countries on health care. I knew it was true, but checking never hurts. And the actual facts are dramatic.

As shown in the figure below, the U.S. spends 17.2% of its GDP on health care.

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