American Journal of Economics, Finance and Management
Articles Information
American Journal of Economics, Finance and Management, Vol.1, No.3, Jun. 2015, Pub. Date: Apr. 10, 2015
Trend of Healthcare Expenditures in Bangladesh over Last Decades
Pages: 97-101 Views: 2416 Downloads: 2896
Authors
[01] Rashidul Alam Mahumud, Health Economics and Financing Research Group, Centre for Equity and Health System, International Centre for Diarrhoeal Disease Research, Bangladesh (icddr,b), Dhaka, Bangladesh.
[02] Marufa Sultana, Health Economics and Financing Research Group, Centre for Equity and Health System, International Centre for Diarrhoeal Disease Research, Bangladesh (icddr,b), Dhaka, Bangladesh.
[03] Abdur Razzaque Sarker, Health Economics and Financing Research Group, Centre for Equity and Health System, International Centre for Diarrhoeal Disease Research, Bangladesh (icddr,b), Dhaka, Bangladesh.
Abstract
Background: The rapid growth of healthcare expenditure has become a great concern for both for private and public viewpoint. Healthcare expenditures comprise a great share of government budget and expenditures and it is the key issue that dominates health policy and its indicators. Objective: The objective of the study is to investigate the trend of determinants of healthcare expenditure after controlling for country-specific economic conditions and comparing between public and private health care spending across the country. Methods: The study extracted cross-sectional and annual time series data from the World Development Indicators over 1995 to 2010 for Bangladesh context. Simple regression analysis and t-test were performed to identify the trend of healthcare expenditure and compared between the private and public healthcare expenditure. Correlation matrix was used to examine the interrelationship among the study variables. Results: Private healthcare expenditure in Bangladesh has been increasing although the public healthcare expenditure has been declining over the period. In correlation matrix results showed that private healthcare expenditure as a share of GDP and GDP growth had a strong positive relationship with the total healthcare expenditure and healthcare expenditure per capita. The study also investigated that there was a significant reverse relationship between public and private sector healthcare expenditure. Conclusion: The study emerge to establish effective public-private partnerships in developing the health sector which can help the policymakers to make long term decisions to improve population health status.
Keywords
Health Care Expenditure, GDP, Private and Public Sector and Trend Analysis
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