That's exactly right.
And FYI, that's with a lot of inefficient redundancy (to provide better coverage), though the last couple of decades have involved a lot of cost-cutting as well.
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Norway doesn't have "free" healthcare but their socialized system, paid for mostly with taxes, costs enormously LESS (9.7% of GDP) than ours (17.1% of GDP; both figures 2014). I don't think people realize this: socialized healthcare costs a lot LESS than our profit-sucking mess.
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