Friday, August 12, 2011

US Gets Less for Its Healthcare Buck Than Other Nations


August 11, 2011 — Despite outspending 18 other developed nations on healthcare as a percentage of gross domestic product (GDP) in 2005, the United States posted the highest mortality rate among its peers, according to a study published online last month in theJournal of the Royal Society of Medicine Short Reports.
Although the United States reduced its mortality rate from 1979 to 2005, 15 of the other developed countries, including the United Kingdom, did the same thing at a faster clip.
In short, the American healthcare system is one of the least cost-effective, whereas the system in the United Kingdom is the second most cost-effective, doing more with less, write Colin Pritchard, PhD, a professor of psychiatric social work at Bournemouth University in Bournemouth, United Kingdom; and Mark Wallace, BSc, who teaches economics, politics, and philosophy at the Latymer School in London.

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