Healthcare Expenditure in Times of Crisis

Dimitar At. Dimitrov (), Magdalena Baymakova () and Georgi T. Popov
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Magdalena Baymakova: VMA, Sofia, Bulgaria
Georgi T. Popov: VMA, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2014, issue 4, 69-84

Abstract: Spending of financial resources in the public sector is a major challenge for any government. Mainly part of it is a healthcare expenditure. Health and education are the base of today’s prosperity. The cost of healthcare is rising permanently since the middle 20th century. The question is whether this trend has been continued after the crisis of 2007-2008. We analyzed the cost of health services between the G-7 and several developing countries. The review showed that all countries increase their health care costs despite. Countries like USA, Canada and Japan have good results whereas Mexico, China and India are with the worst indicators. Despite the ambitions and claims for progress China and India remain poor and undeveloped, a fact supported by most significant indicator such as GDP per capita.

Keywords: GDP; healthcare expenditure (search for similar items in EconPapers)
JEL-codes: A12 C13 I10 (search for similar items in EconPapers)
Date: 2014
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