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United States spending double the amount on healthcare in comparison to other countries with similar economies
A state of good health is the most precious state an individual wants to live in and it is up to the government of that nation to provide the best healthcare possible to its residents.

The residents of the United States of America are paying almost twice the amount on healthcare as compared to 10 other countries that have the same economic status, according to a new study published at Harvard.

The study was actually conducted by the London School of Economics, the Harvard TH Chan School of Public Health and the Harvard Global Health Institute. According to this study, the salaries of nurses and physicians, pharmaceuticals, faculty administration and the medical devices are the reasons behind the whooping cost of healthcare in the United States. 

These findings were published in the American Journal of Medical Association on Tuesday. 

In the research, the researchers analysed the data of countries like Australia, Switzerland and Canada from 2013 to 2016 and it was found out that in 2016, 17.8 per cent of the United States' GDP was spent on health care.

Switzerland was the closest to the United States at 12.4 per cent and Australia was the farthest at 9.6 per cent. If we go at an individual level in the entire country, it was found that Americans, on an average, spend an amount of $9,403 on their healthcare per annum. The Germans, the Dutch and all the other countries spend about $5,000.

One more perplexing side to the story was given by Liana Woskie, the assistant director of the Harvard Global Health Institute's strategic initiative on quality. In one of her statements she said that the United States does not use more healthcare services as compared to its contemporary peers like Germany, France, Canada and Japan. And nor does the United States have too many high paid specialists.

She said, "At least compared to the peers, we have a pretty similar mix of primary care to specialists." She said that instead it appears that as if the US is paying more because it faces greater price tags for drugs, office visits, tests and administration. 

"We need to better understand why prices are so high and dive into that into much more detail, because some of the previous explanations may not actually be what's driving the US' spending," she added further.

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