Health ReformPolicy & Law

The Time Bomb No One Is Talking About

1 Mins read

While the United States spends much more per capita on health care than other high-income countries, the share of Americans receiving long-term care is quite low compared to many other countries. OECD projections also suggest that U.S. spending on long-term care as a share of GDP will stay below the OECD average in coming decades.

 

While the United States spends much more per capita on health care than other high-income countries, the share of Americans receiving long-term care is quite low compared to many other countries. OECD projections also suggest that U.S. spending on long-term care as a share of GDP will stay below the OECD average in coming decades.

 

Because the number of Americans receiving long-term care is so low, U.S. spending on long-term care–whether per capita or as a share of GDP–is well below that of other OECD countries. For example, U.S. spending per capita on long-term care was $455 in 2008, while the OECD average was $543 per capita, and per capita spending on long-term care is upwards of $1200 in Norway, Sweden, and Netherlands. Over time, according to the OECD: “In 2008, public LTC expenditure accounted for 1.2% of GDP, while private LTC expenditure for another 0.3%, on average across the OECD.

See additional Timothy Taylor commentary here.

Related posts
Medical EducationPolicy & Law

Why Refinancing Medical School Lending Makes Sense

2 Mins read
Once you graduate from medical school you probably assume your financial situation will improve dramatically. While it is true that you will…
Policy & Law

Here’s What You Need to Know About Post-Accident Action Items

3 Mins read
Comedians and entertainers love to poke fun at lawyers, especially those who specialize in car accidents or other personal injury claims. But…
Medical EthicsPolicy & Law

5 Steps to Starting a Medical Malpractice Suit

2 Mins read
If you have been a victim of medical malpractice, it may seem overwhelming to even contemplate bringing forth a medical malpractice suit….