The chart above illustrates national healthcare spending as a percentage of per capita GDP for OECD countries. The discrepancy between U. S. healthcare spending can’t be explained by the differences in income or better outcomes.
There are several schools of thought on why healthcare spending in the U. S. is so high. One school believes that we pay higher prices because we don’t have a single payer or other nationalized system. My view is closer to believing that a single payer or other nationalized system would be unaffordably expensive in the United States unless we are willing to pay less for healthcare.
Said another way, it’s the prices, stupid.