women's hands in pocket

Out of pocket costs – Australians spend 34 billion a year

Australians are paying more for healthcare than most other developed nations, forking out $34 billion a year on out-of-pocket health costs, an analysis of official data reveals. The latest data from the Australian Institute of Health and Welfare shows that of the $181 billion spent annually on health, 19% is paid directly from patients’ pockets. Those out-of-pocket costs equate to 3% of Australian household spending, the third-highest in the OECD behind South Korea (5.7%) and Sweden (3.8%). Read more here.