Is Medicare the reason that healthcare spending in the US is so much higher than other developed countries? It turns out that this chart represents only federal government spending on healthcare. Medicare is certainly one of the contributing factors for why the U.S. spends more on healthcare than other developed countries, but it is not the sole or even the main reason why Americans spend more on healthcare than any other country.
Don’t believe every chart you see.
New Year’s Resolution: Be more skeptical in the new year.