TOP 10: Countries with the best healthcare system
10. Singapore
Singapore has a government-run universal healthcare system, with 32.1 percent of all healthcare costs borne by the individual. In addition, there is a sizable private medical sector. The country has been able to monitor the spread of coronavirus through contact tracing and testing, and despite a rise in cases recently, only 18 deaths have been registered.
10. Canada
Canada, which ranks 10th in our rankings, has a healthcare scheme known as Medicare that operates through numerous territorial and provincial insurance programs that offer universal coverage to residents. As a result, citizens pay just 14.2 percent of all medical costs directly out of pocket. As of 4 May, it had about 30% fewer COVID-19 deaths per capita than the United States. Some of this can be attributed to the country's better-funded public healthcare system, but increased research has also played a role.
9. Ireland
Everyone in Ireland is covered by the Health Service Executive, the country's national health service, which was formed in 2005. Although the nation has one of the highest rates of overall healthcare spending per capita in the OECD, just 12.3% of that spending comes directly from the pockets of its people. In contrast to the UK, Ireland's coronavirus death rate is comparatively low at 1,319, and the country has been praised for introducing social distancing steps earlier and more rigorously.
7. Iceland
Iceland is a small country with a population of just over 360,000 people, but despite its size, it has one of the strongest public healthcare systems in the world. While it is primarily funded by the government, 16.5 percent of all expenses are paid for out of pocket. The country has been more relaxed on social distancing than many of its European neighbors in response to the pandemic, but it has provided free coronavirus testing to all residents and has only reported 10 deaths as of the last count (5 May).
= 7. Luxembourg
Luxembourg's 600,000 residents have access to free public healthcare, which is operated by the Ministry of Health. As a result, it's maybe unsurprising that just 10.7% of all medical bills are charged out of pocket. At the time of writing, the country had 96 confirmed COVID-19 deaths, with 3,828 confirmed cases.
6. Germany
Our ranking positions Germany as the sixth best country in the world for healthcare value for money, thanks to low out-of-pocket costs (12.7 percent) and a high ranking on the Legatum Prosperity Index for health (12th). Although Germany has been hit hard by the coronavirus, its death toll is much lower than that of Spain (25,613), Italy (29,079), and the United Kingdom (32,000), with the latest figure of 6,993 deaths (all figures as at 5 May). This is attributed to many factors, including increased testing and an abundance of intensive care beds.
4. Denmark
Although some specialized services are administered at a national level, Denmark's publicly funded healthcare system is primarily managed by each of its five regional governments. Out-of-pocket spending accounts for just 13.7 percent of total healthcare spending, and it ranks eighth on the Legatum Prosperity Index, placing it in joint fourth position for overall value. Since the nation went into lockdown early in the coronavirus pandemic, the health service was not overburdened, and it was able to relax restrictions.
4. France
French people pay the least out-of-pocket for healthcare of all the countries on our list, at just 9.4% of overall spending. The French government, on the other hand, spends 9.3% of GDP on healthcare, which is higher than many other OECD countries such as Canada (7.5%) and the United Kingdom (7.5%), but still much less than the US government (14.3 percent ). However, France's response to the coronavirus has been questioned, with President Emmanuel Macron acknowledging in a recent national television address: "Were we prepared for this crisis?" On the surface, it appears to be insufficient. But we made it.” As of 5 May, the country's COVID-19 death toll stood at 25,201.
3. Norway
Norway has a decentralized healthcare system in which local governments are responsible for the provision of care. Residents pay for care, including GP appointments, up to a value of 2,000 Krone ($204/£163) per year, in which they are eligible for an exemption card that allows them to obtain free treatment. Despite this, residents pay just 14.2 percent of all healthcare costs directly out of pocket.
2. Netherlands
In the Netherlands, healthcare is of high quality and readily available. The government regulates the scheme, but consumers are forced to buy health insurance from private entities, resulting in just 11% of all healthcare expenses being charged out of pocket. The country's coronavirus death rate is 5,168, which is much lower than many European countries.
1. Japan
According to the World Bank, Japan has one of the highest life expectancies in the world, at 84 years, and is generally recognized as having one of the best healthcare systems in the world. Every Japanese citizen is required to buy health insurance, but the government pays for the majority of it, with the person paying for the remaining 10% to 30%, depending on their financial condition. Health insurance providers are prohibited from making a profit, resulting in a scheme that is less expensive and more effective for people. People pay just 12.8 percent of their medical costs out of pocket.
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