Israel's per capita spending on healthcare in terms of purchasing power parity (ppp) is just $1,814 -- 66% below the United States, 47% below Switzerland, and 41% below Norway. The Jewish State also bested Japan, the United Kingdom, New Zealand, Ireland, Italy, Finland and Austria.
The United States, on the other hand, spends the most on healthcare: a whopping $5,267 per capita. Canada, which boasts a socialized health care system like Israel’s, still had a ppp of $2,931.
According to a report in Globes, total spending on healthcare in Israel last year amounted to 8.8% of the GDP, or 46 billion shekels. This calculation includes total spending on services by clinics, hospitals, private healthcare services; the costs of medication, and the purchase of medical devices
Moreover, the figures include R&D (research and development), which Israel spends the most on proportionately of any country in the world. According to the 2004 IMD World Competitiveness Yearbook, Israel’s ratio between R&D spending and its GDP is unmatched.
Some in the government were unimpressed by the figures. Minister of Health Danny Naveh said that “each year we pay more and receive less healthcare coverage,” referring to the government “healthcare basket” of goods and services covered by the nation’s socialized medical program.
The United States, on the other hand, spends the most on healthcare: a whopping $5,267 per capita. Canada, which boasts a socialized health care system like Israel’s, still had a ppp of $2,931.
According to a report in Globes, total spending on healthcare in Israel last year amounted to 8.8% of the GDP, or 46 billion shekels. This calculation includes total spending on services by clinics, hospitals, private healthcare services; the costs of medication, and the purchase of medical devices
Moreover, the figures include R&D (research and development), which Israel spends the most on proportionately of any country in the world. According to the 2004 IMD World Competitiveness Yearbook, Israel’s ratio between R&D spending and its GDP is unmatched.
Some in the government were unimpressed by the figures. Minister of Health Danny Naveh said that “each year we pay more and receive less healthcare coverage,” referring to the government “healthcare basket” of goods and services covered by the nation’s socialized medical program.