Literature DB >> 27683202

Evolving Health Expenditure Landscape of the BRICS Nations and Projections to 2025.

Mihajlo Jakovljevic1, Elena Potapchik2, Larisa Popovich2, Debasis Barik3, Thomas E Getzen4.   

Abstract

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. Copyright © 2016 John Wiley & Sons, Ltd.

Entities:  

Keywords:  BRICS; emerging markets; future forecasts; global health; health expenditure; medical spending; projections; trend

Mesh:

Year:  2016        PMID: 27683202     DOI: 10.1002/hec.3406

Source DB:  PubMed          Journal:  Health Econ        ISSN: 1057-9230            Impact factor:   3.046


  59 in total

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5.  Growth of Global Health Spending Share in Low and Middle Income Countries.

Authors:  Mihajlo Jakovljevic; Thomas E Getzen
Journal:  Front Pharmacol       Date:  2016-02-12       Impact factor: 5.810

6.  Unnecessary Hysterectomy due to Menorrhagia and Disorders of Hemostasis: An Example of Overuse and Excessive Demand for Medical Services.

Authors:  Svetlana M Djukic; Danijela Lekovic; Nikola Jovic; Mirjana Varjacic
Journal:  Front Pharmacol       Date:  2016-12-23       Impact factor: 5.810

7.  Inpatient Treatment for the Middle-aged and Elderly in Central China.

Authors:  Yan Jiang; Yu Wang; Yang Li; Yuming Zhang; Yinjun Zhao; Xiaojun Wang; Chi Ma; Shuangge Ma
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Review 8.  Methodological Considerations in Social Cost Studies of Addictive Substances: A Systematic Literature Review.

Authors:  Nick Verhaeghe; Delfine Lievens; Lieven Annemans; Freya Vander Laenen; Koen Putman
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9.  Commentary: Do health care workforce, population, and service provision significantly contribute to the total health expenditure? An econometric analysis of Serbia.

Authors:  Mihajlo Jakovljevic; Mirjana Varjacic
Journal:  Front Pharmacol       Date:  2017-02-06       Impact factor: 5.810

10.  Editorial: NCDs - Core Challenge of Modern Day Health Care Establishments.

Authors:  Mihajlo Jakovljevic; Tarang Sharma; Narimasa Kumagai; Seiritsu Ogura
Journal:  Front Public Health       Date:  2021-06-18
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