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Evolving Health Expenditure Landscape of the BRICS Nations and Projections to 2025
Health economics, 2017-07, Vol.26 (7), p.844-852
Jakovljevic, Mihajlo
Potapchik, Elena
Popovich, Larisa
Barik, Debasis
Getzen, Thomas E.
2017
Details
Autor(en) / Beteiligte
Jakovljevic, Mihajlo
Potapchik, Elena
Popovich, Larisa
Barik, Debasis
Getzen, Thomas E.
Titel
Evolving Health Expenditure Landscape of the BRICS Nations and Projections to 2025
Ist Teil von
Health economics, 2017-07, Vol.26 (7), p.844-852
Ort / Verlag
England: Wiley Periodicals Inc
Erscheinungsjahr
2017
Link zum Volltext
Quelle
Applied Social Sciences Index & Abstracts (ASSIA)
Beschreibungen/Notizen
Global health spending share of low/middle income countries continues its long‐term growth. BRICS nations remain to be major drivers of such change since 1990s. Governmental, private and out‐of‐pocket health expenditures were analyzed based on WHO sources. Medium‐term projections of national health spending to 2025 were provided based on macroeconomic budgetary excess growth model. In terms of per capita spending Russia was highest in 2013. India's health expenditure did not match overall economic growth and fell to slightly less than 4% of GDP. Up to 2025 China will achieve highest excess growth rate of 2% and increase its GDP% spent on health care from 5.4% in 2012 to 6.6% in 2025. Russia's spending will remain highest among BRICS in absolute per capita terms reaching net gain from $1523 PPP in 2012 to $2214 PPP in 2025. In spite of BRICS' diversity, all countries were able to significantly increase their investments in health care. The major setback was bold rise in out‐of‐pocket spending. Most of BRICS' growing share of global medical spending was heavily attributable to the overachievement of People's Republic of China. Such trend is highly likely to continue beyond 2025. Copyright © 2016 John Wiley & Sons, Ltd.
Sprache
Englisch
Identifikatoren
ISSN: 1057-9230
eISSN: 1099-1050
DOI: 10.1002/hec.3406
Titel-ID: cdi_proquest_miscellaneous_1859739590
Format
–
Schlagworte
BRICS
,
Developing Countries - economics
,
Economic growth
,
emerging markets
,
Financing, Personal - economics
,
future forecasts
,
GDP
,
global health
,
Global Health - economics
,
Government Regulation
,
Gross Domestic Product
,
Growth models
,
Growth rate
,
Health care
,
Health care expenditures
,
health expenditure
,
Health Expenditures - trends
,
Humans
,
Medical Assistance - economics
,
medical spending
,
Overachievement
,
Per capita
,
Personal expenditure
,
Policy
,
Projections
,
trend
,
World Health Organization
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