Why Healthcare is so Expensive

Healthcare in the U.S. compared to other industrialized and western countries is much more expensive.

Statistics

• Hospitals are profit centers accounting for 33% of health care cost

• a birth here on average is $11,000 while in the Netherlands it is $7,000.

• Healthcare workers in America are paid more than in other countries. An example is nurses make an average of $75,000 in the U.S. and $58,000 in the Netherlands.

• Prices across the U.S. vary widely and there are no set prices like some other countries have.

• Another reason is hospitals citing administrative costs which in the U.S. account for 8% of spending while in other countries it's 1%-3%.

Team, The Investopedia. “6 Reasons Healthcare Is so Expensive in the U.S.” Investopedia, Investopedia, 7 Dec. 2021, www.investopedia.com/articles/personal-finance/080615/6-reasons-healthcare-so-expensive-us.asp.