US healthcare costs are high because of high prices

Ashish Jha, a physician with the Harvard T.H. Chan School of Public Health and the director of the Harvard Global Health Institute, studies how health systems from various countries compare in terms of prices and health care use. “What was true in 2003 remains so today,” he said. “The U.S. just isn’t that different from other developed countries in how much health care we use. It is very different in how much we pay for it.”

In 2016, a survey found that US doctors make about $300,000 per year as general practitioners and up to about $472,000 for an average of all specialists in a state.

US Doctors in the US make about 30-40% more than their counterparts in other developed countries.

U.S. hospital prices are 60 percent higher than those in Europe.

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