Asked by Maria Clara on Apr 27, 2024
Verified
Health care expenditures as a percentage of GDP are lower in the United States than in Germany, France, or Canada.
Gross Domestic Product
The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, often used as an indicator of economic health.
Health Care Expenditures
The total amount spent on health services and goods, including personal healthcare, public health services, and health research and activities.
- Comprehend the diverse elements contributing to the escalation of health care expenses in the United States.
Verified Answer
ZK
Zybrea Knight
May 03, 2024
Final Answer :
False
Explanation :
The United States has higher health care expenditures as a percentage of GDP compared to Germany, France, or Canada, largely due to higher prices for medical services and pharmaceuticals, as well as a significant amount of administrative overhead.
Learning Objectives
- Comprehend the diverse elements contributing to the escalation of health care expenses in the United States.
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