The graph below shows healthcare spending (as a portion of GDP) in nations that are members of the Organization for Economic Cooperation and Development (OECD).
The OECD is an international organization of 34 developed countries such as Australia, Canada, Germany, Japan, and the U.
In countries with low mortality, elimination of fatal diseases by successful prevention increases healthcare spending because of the medical expenses during added life years. * In 1993 through 2014, the annual operating profit margin (i.e., profit margin before interest expenses and taxes) for all companies in the S&P 500 averaged 14.1%.
For healthcare companies in the S&P 500, it averaged 14.8%: The process of educating and training new physicians can be lengthy, reflecting the complexity of medical care.
After obtaining a four-year college degree (usually with a “pre-med” or related major), prospective physicians generally spend four years training in medical schools and then enroll in residency programs that can last from three to seven years, depending on the medical specialty they are pursuing. any payment that should not have been made or that was made in an incorrect amount (including overpayments and underpayments)….