Influencing Factors of Healthcare Expenditure

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Influencing Factors of Health Care Expenditure: Opportunities to Improve Canada’s Statistics [Authors Name] [Institutional Affiliation(s)] Author Note [Include any grant/funding information and a complete correspondence address.] Table of Contents Introduction………………………………………………………………………………2 Comparing Health System Performance…………………………………………………4 Sweden’s Healthcare Policy Framework………………………………………………...8 Canada’s Opportunities for Improvement………………………………………………..9 Conclusion……………………………………………………………………………….11 References……………………………………………………………………………….13 Influencing Factors of Health Care Expenditure: Opportunities to Improve Canada’s Statistics Globally, the number of variations that contribute to the government’s financial…show more content…
Sweden was slightly higher as well at 9.6%. However, both countries were less than the United States at 16.9%, Netherlands at 11.8% and France at 11.6%. (“OECD Health Statistics,” 2014) The main source of funding in all OECD countries is the public sector, except for the United States and Chile. The most recent studies determined that in Sweden 81% of health spending is funded by the public, which is above the OECD average of 72%. Canada’s public funding is responsible for 70% of health spending. (“OECD Health Statistics,” 2014) Main Contributing Factors to Healthcare Spending For the majority of OECD countries, the three main areas that contribute to the growth of healthcare expenditures include; hospitals, physicians and pharmaceuticals. Population and an aging community are also significant factors. (Ke et al., 2011) In the recent years, Canada’s growth rate for healthcare spending has slowed to approximately 1% in real terms during 2011 and 1.5% during 2012. The decrease in spending is driven mainly by the slowdown in hospital spending, noted by a hospital spending rate PPP per capita at $1,310 in 2012. (“OECD Health Statistics, 2014) Expired patents for high volume and high cost brand name drugs and a decrease in generic drug costs in many provinces lessened spending in the pharmaceutical category. (“National Health Expenditure,” 2014) In 2012 the percentage of expenditure spent on pharmaceuticals was 18%. Since
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