Why America spends more on health care than any other developed country
Share Now on:
We often hear that health care accounts for a staggering one-sixth of the U.S. economy. According to the most recent data from the Center for Medicaid & Medicare services, we spend $3.2 trillion a year on health care. That is, indeed, about a sixth of our GDP. Here’s what we spend it on, and why it’s so much.
Click the audio player above to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.