Jha said whether the USA moves toward more private healthcare, as advocated by Republicans, or to single-payer healthcare, as advocated by liberal Democrats, price tags on all American health services need to be addressed.
Researchers used data from 2013-2016 on about 100 metrics that underpin healthcare spending, and confirmed what experts have long known - that the United States "has substantially higher spending, worse population health outcomes, and worse access to care than other wealthy countries".
The study by researchers at Harvard University and the London School of Economics disputes the long-held belief U.S. costs are high because patients see doctors too often or otherwise abuse the healthcare system.
"In addition, the reasons for these substantially higher costs have been misunderstood: These data suggest that numerous policy efforts in the US have not been truly evidence-based".
But, contrary to popular belief, the researchers did not find that people in the USA use the medical system significantly more often than those in other countries - nor did they find that the way Americans use the medical system accounts for the disconnect in spending. 'However, there are many different beliefs as to why this is the case'. "In addition, the reasons for these substantially higher costs have been misunderstood: These data suggest that numerous policy efforts in the US have not been truly evidence-based".More news: UVA loses De'Andre Hunter to injury
In the study, America was compared to 10 other countries: the United Kingdom, Canada, Germany, Australia, Japan, Sweden, France, Denmark, the Netherlands and Switzerland. Medical procedures were similarly overpriced in the US, and American medical professionals also make significantly more money than their peers in other countries, according to the paper.
Per capita spending for pharmaceuticals was $1,443 in the USA, compared with a range of $466 to $939 in other nations.
It is also updated that this high spending is not buying the United States better health at all. The U.S. insured population of 90% was also well below the other countries that ranged from 99% to 100%.
They also found that the utilization of these medical services were about the same did not differ substantially from their peer countries, despite having higher costs.
Administrative costs accounted for 8 percent of GDP, compared to 1 percent to 3 percent in the other countries. Yet, we found that the USA has comparable rates of utilization overall, with lower numbers of physician visits and hospitalizations, ' Dr Jha said.More news: Delhi sealing drive: BJP hits back at Arvind Kejriwal, Ajay Maken
But overall spending is far higher.
Although this is true - United States spends a little less on social services than their peers - investigators claim that this is not responsible for the rising health care costs.
Other countries' life expectancy ranged from 80.7-83.9. This is an old, systemic problem for the country, but the good news is that it can be fixed, researchers conclude.
The new findings, from Harvard T.H. Chan School of Public Health, the Harvard Global Health Institute, and the London School of Economics, suggest that common explanations as to why healthcare costs are so high-such as the notions that the USA has too many doctor visits, hospitalizations, procedures, and specialists, and spends too little on social services that could mitigate healthcare needs-may be wrong. During their study, it was found that the United States is spending twice the amount of its wealth on its health care.
"As patients, physicians, policy makers, and legislators actively debate the future of the United States health system", they write, "data such as these are needed to inform policy decisions".More news: Bengals swap first-round picks with Bills for LT Cordy Glenn
'Our findings illustrate the important differences in the prices and quality of healthcare services across countries, ' Dr Jha said. In an editorial accompanying the new study, Katherine Baicker and Amitabh Chandra of the University of Chicago and Harvard note that the latest analysis doesn't delve into the qualitative details of health care treatments Americans get compared to people in other countries.