2.6 Trillion: U.S Healthcare Spend Equals GDP of France

November 8, 2011 1:26 am

We spotted this today:

“even though the U.S. outspends every other country on healthcare ($2.6 trillion a year; the equivalent of France’s entire GDP), we’re nowhere near the healthiest country. ”

Statistics Source: Freakanomics

Bonus stat:

“[I]t turns out that the combined profits of the country’s five largest for-profit health insurance companies — United, WellPoint, Aetna, Humana and Cigna — were $11.7 billion, only 0.5 percent of total health care spending. Even confiscating every penny of those profits would add up to less than half of the cost-saving threshold.”

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