The U.S. has the highest per capita health expenditure among OECD countries, spending $12,555 per person in 2022, the latest year for which figures have been compiled.
This is more than $4,000 more than the average spent in other high-income countries, which is about half of the U.S. amount.
That's even significantly higher than in Switzerland, the country with the second highest per capita health expenditure.
Many health technologies wouldn’t be developed in the first place unless the U.S. government reimbursed developers for them.
Other nations are accessing those fully-developed therapies at a much lower cost after the U.S. taxpayer foots the bill.
Wealthy countries like Germany, etc, could start sharing the burden of research and development.
Why don't they?