Rising healthcare expenses in developed nations have made it difficult for many people to seek the medical care they need. From 2011 to 2012, healthcare costs in the United States increased 3.7 percent, costing consumers $2.8 trillion, or $8,915 each person. Some analysts estimated the latest figures to be closer to $3.8 trillion with government spending at a whopping 17.9% of GDP.
Australians spent $132.4 billion on healthcare, while people in the UK spent £24.85 billion.Government expenditure in both these countries sit at between 9-10% of GDP, which may seem more manageable compared to the US, however healthcare leaders in both these countries are taking a firm view of preventing any escalation of these percentages. With the high costs of health care around the world, many stakeholders wonder if introducing or adjusting copayments will produce better health outcomes.
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