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The data in that report is somewhat outdated because healthcare costs grew considerably faster in Germany since 2016 compared to Switzerland. Also looking at P
by ffgjgf1 3y ago
The data in that report is somewhat outdated because healthcare costs grew considerably faster in Germany since 2016 compared to Switzerland.
Also looking at PPP disposable income per capita and PPP healthcare spending the gap is much narrower (Germany still has lower costs but only by ~10% or so).
IMHO using per capita consumption seems a bit disingenuous because household savings rate in Switzerland is considerably higher than in Germany (19.3% vs 11.1%). So yeah while it’s accurate that the Swiss spend more on healthcare relative to the other goods and services they consume that largely makes sense because almost all healthcare services have to be ‘produced’ locally and can’t be imported.
Even with social transfers nominal disposable income is about 50% higher in Switzerland. So of course the Swiss will spend a smaller share of their income than the Germans to maintain comparable levels consumption just because a lot of the goods they buy cost more or less the same. The Swiss could consume more and save as little as the Germans and if they did so that would somehow decrease relative healthcare costs according to that report. That seems somewhat flawed?