China 's Financial Outlay For Health Care Essay

1353 WordsSep 28, 20166 Pages
China’s financial outlay for health care in relation to its gross domestic product was 5.4 percent in 2013, while the United States spent 17.1percent (The Commonwealth Fund, 2016, p.7). This accounts for a ratio of over 1:3 in spending on health care between the world’s two largest economies. In terms of US dollars spent per capita, China spends $636 relative to the world’s highest health care spending figure of $9,086 in the U.S. (The Commonwealth Fund, 2016, p.7). With a population exceeding that of the U.S. by over a billion people (The Commonwealth Fund, 2016, p.7), the quality of care provided to a significant portion of the world’s people can be called into question. As a consequence of the disparity in overall health care spending between the two countries, it should come as no surprise that the money spent on related services also shows this imbalance. Hospital spending per capita in China was $392, in comparison to $2,964 in the U.S for 2013 (The Commonwealth Fund, 2016, p.7). According to one source, financial expenditure on hospitals and associated outpatient facilities was $270 billion, and for public health agencies, it was $30.6 billion in 2011(The State Council Information Office of the People’s Republic of China, 2012), in current US dollars. In that same year, the U.S. spent $215.4 billion (25.3 percent of its total hospital expenditures) on hospital administrative costs alone (The Commonwealth Fund, 2014). These two “money out” figures are quite close, and
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