American exceptionalism certainly has its merits: when it comes to healthcare, the U.S. is most definitely exceptional, albeit not in a good way.
Virtually no country comes close to spending so much on healthcare with so little payoff: a little over twenty years ago, the U.S. spent about 13 percent of GDP on healthcare compared to a developed-world average of about 9.5 percent; by 2016, our spending hit 17.5 percent of GDP–or $3 trillion.
As Foreign Policy explained:
As you can see, Americans are spending more money – but they are not receiving results using the most basic metric of life expectancy. The divergence starts just before 1980, and it widens all the way to 2014.
It’s worth noting that the 2015 statistics are not plotted on this chart. However, given that healthcare spend was 17.5% of GDP in 2015, the divergence is likely to continue to widen. U.S. spending is now closing in on $10,000 per person.
Perhaps the most concerning revelation from this data?
Not only is U.S. healthcare spending wildly inefficient, but it’s also relatively ineffective. It would be one thing to spend more money and get the same results, but according to the above data that is not true. In fact, Americans on average will have shorter lives people in other high income countries.
Life expectancy in the U.S. has nearly flatlined, and it hasn’t yet crossed the 80 year threshold. Meanwhile, Chileans, Greeks, and Israelis are all outliving their American counterparts for a fraction of the associated costs.
I am not sure how much more data we need to prove that our healthcare system is broken. So many other countries with fewer resources have managed to extend average life expectancy without breaking the bank. Yet for all our innovation and wealth, we are breaking the bank by a wide a margin and still having little to show for it.