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Medical Insurance

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The US healthcare system is a service industry provided by many legal entities. Most of the US healthcare facilities and insurance are managed by the private sector, while the government provides more supplementary public health insurance, healthcare assistance programs, children’s health insurance programs, and Veterans Health Administration (for retired military personnel) management. Personal healthcare expenditure in the US is the most expensive in the world, with per capita healthcare spending in 2007 at $7,290 and representing 16% of the country’s gross domestic product (GDP) when adjusted for purchasing power parity, both of which are the highest in the world.

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