Asked by Savon Simmons on Jun 05, 2024

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Similar to the United States,which of the following nations spends a large proportion on healthcare insurance and administration?

A) France
B) Canada
C) Sweden
D) United Kingdom

Healthcare Insurance

A financial arrangement that covers or subsidizes healthcare costs in exchange for premiums, often provided by employers or purchased individually.

Administration

The process of organizing and managing tasks, activities, or responsibilities, often within institutions like businesses or governments.

United Kingdom

A country located off the northwestern coast of mainland Europe, comprising England, Scotland, Wales, and Northern Ireland.

  • Analyze the determinants contributing to healthcare expenses in the United States.
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EY
esubalew yohannesJun 11, 2024
Final Answer :
A
Explanation :
The United States and Canada have similar expenditures on inpatient care with differences in percentage of expenditures for outpatient and long-term care.The United States spends almost twice the amount on healthcare insurance and administration compared with Canada and more than the other nations listed except for France.However,the United States and France,as some of the highest spenders on healthcare,also see households financing a relatively small share of the healthcare costs directly,with the majority of spending made through public or private third-party arrangements (OECD,2011,p.158).