"The public sector is the main source of health funding in nearly all OECD countries. In South Africa, 48% of health spending was funded by public sources in 2012, much lower than the average of 72% in OECD countries," a report by the organisation says.OECD countries include 35 states like Australia, France, Germany, Greece, Latvia and Turkey. Many of these are developed countries. In terms of government spending on healthcare, South Africa's is among the lowest of OECD countries, along with Mexico, Chile and the United States.
"South Africa spends more on voluntary private health insurance (42%) as a share of total health expenditure than any other country in the world. It serves, however, only 16% of the population," a report by WHO says.However in 2014 in the US, only 11.7% of the country's population didn't have medical insurance. So 16% of the SA population's spending on medical aid accounts for around 43% of total spending on healthcare. 88.3% of the US population's spending on medical aid only accounts for 33.2% of the country's total spend. This implies that the cost of medical plans in South Africa might actually be considerably higher than those in the US, in terms of proportional expenditure. Considering the sheer number of people who are uninsured in South Africa, it is alarming that medical aids account for so much of spending on healthcare.
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