Open AccessGDP Growth and Health Care Expenditures Worldwide
Author(s) -
Miloš Stepović
Publication year - 2019
Publication title -
the open pharmacoeconomics and health economics journal
Language(s) - English
Resource type - Journals
ISSN - 1876-8245
DOI - 10.2174/1874129001907010009
Subject(s) - gross domestic product , per capita , health care , economics , recession , urbanization , real gross domestic product , population ageing , non communicable disease , population , economic growth , development economics , public economics , business , disease , environmental health , medicine , macroeconomics , pathology
Background: Impact of large recessions on GDP growth is well documented and their effect on Gross Domestic Product (GDP) growth is definitive. Health care expenditure is growing everywhere in the world. The most important factors such as GDP, income per capita, health system factors, urbanization, aging, and socio-demographic factors are well determined and described. Objective: The main aim of this literature review is the summation of all factors affecting the GDP and healthcare expenditure. The second aim is presenting the bigger picture of the multifactorial connection between all impacts on healthcare expenditure. The last aim is proposing possible strategies for the development of sustainable health systems. Conclusion: Tracking the economic trend changes is necessary. Government investments in health must be as large as countries can afford due to the population aging, non-communicable disease and treatment, and pharmacological innovations. The cost-effectiveness estimates and Hierarchical task analyses are among some plausible solutions for making informed resource allocation decisions.