This study suggests that your interpretation is not correct: https://www.healthaffairs.org/doi/10.1377/hlthaff.2017.0174 Mean end of life spending is only marginally higher in the U.S. than in other countries.
I've also heard that something like 5% of folks generate 50% of costs.
So the argument has been that because in the US total expenditure can go so high (ie, we will easily spend $10M on one person where other countries won't) that you end up with a serious spike as a result of last year of life and extraordinary effort costs.
Other countries have less variance (including income inequality)
Extrapolated cost for Canada: 6,758.2
[1]https://www.longwoods.com/content/20878/healthcare-quarterly...
In any case, it's not the correct number. Quebec data from the study I cited showed 60k per capita on hospital alone, with incomplete data to characterize the remainder of the costs.
So during your life - broken bones etc - roughly equal.
But if you are stuck in ICU for a year when 75+ - that's uniquely American and incredibly expensive.
"Numerous articles on EOL costs show that a large proportion of Medicare expenditures occur during the last 6 months of life.1-9 This phenomenon has continued for many years as the number of Medicare decedents has increased with the aging American population. Medicare expenditures for EOL have increased dramatically from 1983 to 2016, primarily because of the increase in the number of decedents. Other articles compare EOL expenditures in the United States to other countries10,11 or focus on Medicare expenditures for specific diseases.12-14 A recent development in the literature challenges the idea that EOL costs are responsible for a high percentage of health-care costs.15
- https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6610551/