US Spends Twice as Much on Health Care as Its Peers
Despite many efforts to rein in US health care costs in recent years, spending is still on the rise. Americans spend more than twice as much on health care per person as their peers in developed nations, according to a new analysis from Johns Hopkins Bloomberg School of Public Health. It's not because people in the US use more medical services. Instead, it's because drugs cost more, doctors and nurses are paid better, hospital administration is more expensive and many medical services have higher price tags, the study found.