Jerome Marot
Well-known member
From our world in date, the graph below shows the relationship between what a country spends on health per person and life expectancy in that country between 1970 and 2014 for a number of rich countries:
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News: (Not photo related) Life expectancy vs. health expenditure
- Thread starter Jerome Marot
- Start date
Asher Kelman
OPF Owner/Editor-in-Chief
Jerome,
Is it corrected for the cost of living differences in each country. One would, I imagine use a "basket" of goods such as milk, chickens, flower, rice, school books and kids sneakers concrete and steel to "standardize" the above graphs.
For example, after Brexit, the pound sterling has dropped 15%, so the cost of health care in US dollars is now less!
Without some defensible standardization, the graphs have limited meaning to be compared, one to another.
Or am I missing something, Jerome?
Asher
Is it corrected for the cost of living differences in each country. One would, I imagine use a "basket" of goods such as milk, chickens, flower, rice, school books and kids sneakers concrete and steel to "standardize" the above graphs.
For example, after Brexit, the pound sterling has dropped 15%, so the cost of health care in US dollars is now less!
Without some defensible standardization, the graphs have limited meaning to be compared, one to another.
Or am I missing something, Jerome?
Asher
Michael Nagel
Well-known member
Asher,
below the graph is stated:
(adjusted for inflation and PPP-adjusted for price differences between countries)
Does this answer your question?
Best regards,
Michael
below the graph is stated:
(adjusted for inflation and PPP-adjusted for price differences between countries)
Does this answer your question?
Best regards,
Michael
Asher Kelman
OPF Owner/Editor-in-Chief
Yes, Michael! You are way more observant than I am today!
But I wonder what the discussions are on these results and what "baskets" they used.
Asher
Michael Nagel
Well-known member
Asher,
feel free to peruse the link posted by Jerome cited below:
The currency chosen for the graph is USD, but as the data is already normalized, the prices could figure in any other currency.
Is it possible that you do not feel comfortable with the results?
Best regards,
Michael
feel free to peruse the link posted by Jerome cited below:
The sources are cited and accessible.
If you look carefully, you will see that the data ends with 2014. If you expect any results on the pricing as result from the Brexit (which would mainly affect Great Britain), you will have to wait.
The currency chosen for the graph is USD, but as the data is already normalized, the prices could figure in any other currency.
Is it possible that you do not feel comfortable with the results?
Best regards,
Michael
Asher Kelman
OPF Owner/Editor-in-Chief
You have hit the proverbial "nail on the head", Michael.
We have distorted pricing for common care items that are out of proportion to other costs. For example, Canada, with a society the closes to ours, (perhaps), pays a fraction of our inflated charges for identical medicines and treatments. So a drug coat $5 in Canada could cost up to 200% more. A surgery costing $5,000 to $10,000in Canada could be $20,000 to $30,000 here in the USA but the price of bread, eggs and automobile tires are close to the same!
In addition, major segments of our population have less well integrated connection to health services. This is especially true of black and Hispanic populations where even health messages of the dangers of salt and meat fat laden foods are often not spread well and if received are often ignored.
The salary of a medical oncologist or radiologist in the USA can be $200,000 to $800,000 per year in the USA but salaries above $250,000 in the Canadianhealth system are much, much less common.
Also, the life expectancies in some countries may be exaggerated by neglecting to have a crate figures for inner city and rural poulations divorced from the wealth of the mainstream society. So here, the results may look more favorable.
We have too much effort free public transport and have become a mostly over fed and sedentary society, notwithstanding our celebrated athletes and Olympic successes.
So it is far more complicated that simply expenditure v life expectancy.
Asher