On the contrary, the global health expenditure average is 8% of the GDP (Financing Health Care). The health outcomes have been exceptionally good considering the low amounts pumped in for healthcare. Singapore’s system is the least imperfect in the world according to Mr Jeremy Lin, head of Oliver Wyman & Co’s Asia Pacific health and life sciences practice. The healthcare cost has risen lesser compared to that of other countries such as Hong Kong. The government has healthcare expenditure to accommodate the ageing population (Singapore tops in global healthcare efficiency ranking: Survey).
Sorafenib tosylate is a drug to cure kidney and liver cancer. The price that Bayer was charging for the drug under the trade name Nexavar was Rs. 2,84,000 per patient per month which is exorbitant for majority of the patients in India. In March 2012, the Patent Controller granted a CL to NATCO Pharma to manufacture and market a cheaper generic version of Nexavar at around Rs. 8,800 per person per year.
Rise in population and increasing life expectancy underline the high demand for healthcare services Currently 70% of those in urban areas and 63% of those in rural regions prefer to access private healthcare services. Analysis of Indian healthcare industry. On India the World Health Organization in its 2012 report said that only 26% of healthcare professionals were available to address the needs of 72% of the country’s population Doctor-nurse density per 100,000 persons of the Indian population is 19 (6.5 doctors + 13 nurses). (WHO report 2012 ) Healthcare sector is expected to rise to $100 billion by 2015, as stated by India Brand Equity Foundation. And 71% of this growth is expected to take place in hospitals.
Gan and James R. Frederick, the life expectancy at birth for Singaporean was 78 years old for men and 2 years old for women in the year 2005 (WHO, 2007). The elderly (those over 65 years old) constituted 7% of the population in 2007 and they expected to triple to 21% in 2030. The National Health Survey 2004 (NHS 2004) was conducted from September to December 2004. This survey is the third in the series carried out by the Ministry of Health to assess the health status of Singaporeans in relation to major health problems such as diabetes and high blood pressure (Statistics Singapore Newsletter, Sept.
Generally, as a country becomes more developed, it is reflected in the Global Burden of Disease (GBD). A shift is observed from a high prevalence of primarily diseases of extreme poverty to NCDs as the country develops (Islam, 2014). NCD’s accounted for approximately 87% of all 9 million deaths in China in 2014 (WHO, 2014A). China has 14% more deaths due to NCD’s than Malaysia, a country of similar income economy according to the World Bank. Furthermore, when comparing the impact of NCD’s on death in India, only 53% of all deaths are attributed to NCD’s in 2008, reflecting data expected of a less developed country (WHO, 2011).
Healthcare is a high-risk sector for corruption. It is estimated that between 10% and 25% of global spend on public procurement of health is lost through corruption. Total global spend on healthcare is more than $7 trillion each year. Corruption takes many forms, depending on the country’s level of development and health financing system. No country is exempt from corruption.
Nearly 40 million people above 65 years old live in the USA according to the 2009 census, representing 13 percent people of the nation. It is expected to go above 72 million by the end of the third decade of this century. Here most of the healthcare facilities are privately owned and subjected to high medical expenses. This is why assisted living care is gaining popularity gradually. It is less costly but offers quality service.
Before RSBY, only about 5% of the population has health insurance. Now it has provided coverage for an additional 110 million people and 35 million households which is about 10% of the population within 5 years something which other private players and other NGO workers could not even come close. The above example shows how Government plays a crucial role in delivering healthcare even to the poorest of the
The standard of living in India shows large disparity. Rural areas exist with very basic medical facilities, while cities boast of world class medical establishments. The World Bank estimates that a third of the global poor now reside in India. Although Indian economy has grown steadily over the last two decades, its growth has been uneven when comparing different social or