Here is a good quote to ponder:
While the consumption spike may look like the result of an accounting convention, it’s also reflecting a sad reality: an enormous, and ever-increasing share of our national income is going to health care. Of course, some unquantifiable share of that spending makes people healthier, happier, and more productive. But much of it doesn’t. In economic jargon, it’s a deadweight loss. As the graph above shows, the U.S. devotes a far larger share of its national income to health care than any other country: 37% more than the second-biggest spender, France; 49% more than Canada; 68% more than Sweden; 87% more than the UK. Yet U.S. health indicators are consistently among the worst in the OECD, with terrible ratings on life expectancy, infant mortality, obesity, and mental health. U.S. readings on all these are worse than countries spending far less on health care.