How do other countries keep healthcare costs down?

Many of our peer countries have lower administrative costs through more coordination, standardization, and in some countries a single national system or several regional healthcare-insurance systems, even when the provision of care is primarily a private-sector responsibility.

How much does healthcare cost per person in the US?

In 2020, the average national cost for health insurance is $456 for an individual and $1,152 for a family per month. However, costs vary among the wide selection of health plans. Understanding the relationship between health coverage and cost can help you choose the right health insurance for you.

How much would universal health care cost the government?

Government covering 80\% of total 2.3 trillion costs: $1.9 trillion Universal Health Care would save the people of the United States about $600 billion for the same level of care they’re receiving. We found it would require an additional $562 billion in taxation to cover the government spending, after savings and increases to demand.

How much does healthcare cost per person in the United States?

In 2019, the United States spent about $11,100 per person on healthcare — the highest healthcare cost per capita across the OECD.

Can we get to single-payer universal healthcare without spending more?

First, let’s clarify something right off the bat: you cannot move from a system where 47\% of healthcare costs are paid for by the government to a single-payer universal healthcare system without increasing government spending.

How much does a hospital stay cost around the world?

Across OECD countries, the average cost of a hospital stay is about one-third that of the U.S., at $6,200. As we have previously said, many OECD countries use strong regulation to set prices that hospitals can charge for different services, and some of them even set budgets for how much hospitals can spend.