Mises Wire
Author:
Mark Thornton
Online Publish Date:
According to the World Bank, total expenditures for health care goods and services averages about 6-7% of GDP around the globe. There are about a dozen recognizable countries that spend more than 10% of GDP on health care, but far and away the biggest spender is the US with 17.9% and rising--more than 5% more than any other country and up from