Crucial aspects of both qualitative and quantitative and objective and subjective aspects of health related to wellbeing and quality of life are evaluated in this work. A composite index), the Health Quality (HQ) index, is calculated by a method of rescaling the values of four indices and aggregating them as geometric means in a sample of 31 countries, including the European Union and other developed countries, for the period 2013–2021. Based on the HQ index, the highest performance was achieved by Malta, Sweden, and Norway. The three Baltic countries and Romania had the lowest performance. Health status and the qualitative and subjective aspects of health care are determined by a number of factors. Ireland, followed by Norway, are the best-performing countries as regards the highest values of both national income and HQ index.