Compare USA healthcare system finance with that of AustriaSo

Compare USA healthcare system finance with that of Austria

Solution

Healthcare system financing is the provision of funds for the health care of the individuals at macro level which includes mobilization, accumulation and allocation of money.

Comparison

The USA spends large amount of money on the healthcare as compared to other wealthy countries. As per the figures of 2016, USA had total health expenditure per capita of $10348. Austria had total health expenditure per capita of $5227 in 2016. The spending on the healthcare is directly linked to the country’s wealth.When the figures of last four decades are checked, the difference between healths spending as a share of economy in USA has broadened whereas the gap is less in Austria. In recent years, the health spending growth rate has slowed in USA and Austria. USA also has huge amount in private sector spending whereas in Austria, the public sector spending is huge and private sector spending is the very less amount.