Question 1

Who has the best healthcare system in the world?

Accepted Answer

These are the top 10 countries with the best healthcare in the world. Canada Qatar France Norway New Zealand Germany Hong Kong The Netherlands Switzerland Singapore A quality, well-developed healthcare system is an absolute must. It allows citizens to receive treatment for diseases, illnesses, and injuries, as well as prevent them. If the healthcare system isn’t up to the mark, people might not be able to receive or afford their required treatment. This will ultimately affect a person’s quality of life and lifespan. Health statistics show people who live in countries with a below-par healthcare system typically have poorer overall health and a shorter lifespan in comparison to those living in countries with a well-developed healthcare system. That said, the quality of healthcare is not directly proportional to the money spent on it. For instance, statistics on healthcare reveal that the US has the highest infant mortality rate and the lowest life expectancy among other high-income nations, yet it spends twice as much on healthcare per person. Americans spend more on healthcare, not because they use medical devices more, but rather because of the high cost of medical treatment.

Question 2

What percentage of people have access to healthcare?

Accepted Answer

According to a UN-backed report, 3.5 billion people—accounting for more than half of the world’s population—don’t have access to basic health services. No less worrying, out-of-pocket healthcare expenditures force 100 million people to survive on $1.90 or less a day. At present, 800 million people spend 10% of their monthly budget or more on healthcare expenses. For nearly 100 million of this group, their healthcare expenditures are high enough to push them into severe poverty.

Question 3

How many people cannot afford healthcare in the world?

Accepted Answer

Health is a fundamental right, according to the World Health Organization (WHO). This basically means that every person should have access to the required health services without suffering financial hardship. However, the situation on the ground is starkly different. It’s particularly bad in poor African countries, but the statistics in healthcare show that all is not fine in developing countries as well. For instance, according to a news report, 20% of Americans don’t have the means to access needed health care. Overall, research shows more than half of the world can’t access or afford the healthcare they need.

Question 4

How much money is in the healthcare industry?

Accepted Answer

In 2018, the global healthcare sector’s revenue was $1.853 trillion, an increase of 4.5% on a year-on-year basis. When it comes to healthcare expenditures, the US tops the list, spending $10,224 per person. By the end of 2019, Americans will spend $3.65 trillion on health, which amounts to 17.8% of the country’s GDP. Other top spenders on health include Switzerland, Germany, Sweden, and Austria. Global healthcare expenditures will rise at a yearly rate of 5.4% between 2017 and 2022, according to the latest healthcare statistics. The two biggest driving factors are an aging population and a higher prevalence of chronic diseases. Worldwide, the average life expectancy is expected to rise from 73 years to 74.1 years between 2016 and 2021. Based on this estimate, 11.5% of the world population will be over 65 years of age by 2021. Additionally, due to the increased consumption of processed foods, chronic health conditions like diabetes are expected to become more common. These two factors, many experts think, will continue to push both greater demand and greater expenditures in the healthcare industry.

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