Final answer:
The United States accounted for over 40% of the world insurance premiums in 2011.
Step-by-step explanation:
The United States accounted for over 40% of the world insurance premiums in 2011.
According to a U.S. Census Bureau report, the U.S. insurance industry is a significant player in the global market. The high-income country has a unique system where private companies pay and provide most health insurance, unlike other countries with greater government involvement.
The U.S. healthcare spending is higher than any other high-income nation, and the country has some challenges in terms of health outcomes and insurance coverage. In 2015, over 32 million people in the U.S. were without insurance.