Socioeconomic Criteria of Healthcare Efficiency: An International Comparison
Anatoliy Goncharuk ()
Journal of Applied Management and Investments, 2017, vol. 6, issue 2, 89-95
The paper is devoted to evaluation of the socioeconomic efficiency of healthcare in developing countries. The author proposed several socioeconomic efficiency criteria for the healthcare system that could be calculated using public data of World Health Organization. Applying proposed criteria, the author compared socioeconomic efficiencies for Ukraine and neighboring Eastern European countries: Belarus, Hungary, Poland, Romania, and Russia. Author found that due to a relatively low standard of living, Ukraine has the highest financial leverage among Eastern European countries for saving and prolonging people's lives. That means each dollar invested in the Ukrainian healthcare system gives the highest increase in the expected and saved life of residents of different age groups. However, due to the relatively low investment in health, Ukrainians on average lose 0.5% of life due to diseases and injuries. This indicator in Poland is the best, and the worst it is in Russia, where such losses are even higher than in Ukraine.
Keywords: healthcare; efficiency; socioeconomic criteria; developing countries (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ods:journl:v:6:y:2017:i:2:p:89-95
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