What if you bought the hottest car around, only to find a neighbor found a model just as sporty and paid much less? How would you react if you opened your credit card bill and learned that the family budget was in tatters because your daughter commuted a few blocks to school by taxi, and your son had racked up huge charges for junky electronic gadgets and questionable movies online? Your consternation would be a tiny fraction of the great concern that most of us should experience due to a new study that finds that Americans spent $3.2 trillion on health care in 2014.
If you’re like me, when figures get that big, they become hard to grasp. But for comparison’s sake, the United States’ medical spending exceeded the 2015 gross domestic product (the monetary value of all the finished goods and services produced within a given country’s borders in a specific time period) for the economies of: Britain, France, Canada, Russia, Italy, Mexico, Indonesia, Australia, South Korea, Spain, Turkey, Saudi Arabia, Nigeria, and the Netherlands.
Americans spent more on back and neck pain than Russia did on its military and national defense.