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The Italian Healthcare system is one of the most efficient according to Bloomberg

September 27, 2016

 

Bloomberg L.P. is a privately held financial software, data, and media company headquartered in Midtown Manhattan, New York City.

The Italian health care system is now considered the third most efficient globally, according to an annual ranking compiled by Bloomberg that tracks factors such as life expectancy, the cost of health care as a percentage of gross domestic product and a total medical expenditure for each person. In the last year, the universal health care system has moved from 6th to 3rd place. Hong Kong dropped to second place below Singapore and Italy was ranked third, while the U.S. was 44th and Russia last. 

The average annual cost per capita of health care in Italy is $3,032 (9.0% of GDP) compared to Singapore that placed 1st at $2,426 (4,5% of GDP). As a side note, Italy has one of the highest life expectancies in the world in 2014 at 82.5 years; for 2015 the World Health Organization has placed Italy as the second best in the world after Japan at 83 years. This is good news for Italy and its citizens who are universally covered. An efficient health care sector is vital to the long term wellbeing of a nation in health and fiscal terms.

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