Im pretty sure Australia spends less and gets better care than we do and everyone has basic coverage.
Total health expenditure per capita in US dollars
United States 8713
Australia 3866
Germany 5002
English
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Yes the US has some of the highest costs per capita for health services in the world. That's partly due to the factors I mentioned above (generally the more developed the nation, the further these will have progressed) and partly due to medical professionals in the US having obscene salaries (something that unfortunately has become a cultural norm).