• ipharmaservices

Major Healthcare Systems

Updated: May 20, 2018

United States

· Private insurance: For employees

· Medicare: People aged more than 65 years

· Medicaid: For people having less income

· Most of the hospitals are private, except Veterans Health Administration hospitals

· 28 million people lack medical insurance

· US spends 17% of its GDP on health

United Kingdom

· Single payer system

· Truly socialized

· Government pays for the health expenditure

· Government pats up to 80% of healthcare expenditure

· 10% people will have private insurances as well

· Wait time is less with less number of barrier than Canada for access of medicines

· Spends nearly 10% of GDP

France

· Every citizen in France must buy health insurance which covers 70-80% of healthcare expenditure

· 95% of the population has voluntary insurances to cover the rest of the drugs making them to pay almost zero from their pockets

· Nearly 12% of GDP of France spends on healthcare

Germany

· 86% of the health coverage is by government

· Most of the citizens has voluntary insurance plans to cover

· Freedom for the selection of doctors and hospitals are available for the patients, though it was restricted for low-income citizens

· The premium of the private insurances is regulated by government. The premium increases with age

· Germany spends about 11% of its GDP on healthcare

Canada

· Single payer system

· Health insurance is financed by government

· Government pays up to 70% of healthcare expenditure

· Private insurances help in spending on prescription drugs, dentistry and optometry

· Spends nearly 10% of its GDP

Australia

· Free inpatient service for government run hospitals

· Has access to medical services and drugs

· Also, people can get private insurance, to cover the private hospitals

· Government pays for 85% of OP services

· More than 50% hospitals are government owned


Reference:

1. https://www.nytimes.com/interactive/2017/09/18/upshot/best-health-care-system-country-bracket.html