Economic Impact

Abstract

Health care costs are increasing every year, leading to increased expenditure percentages in the gross domestic product (GDP), both in developed and developing countries. Factors such as aging populations, increased diagnoses of cases of life threatening diseases, infectious disease rates, social disparities, and economic arrangements deepen differences in health distribution within and between countries. Scarce resources add to these factors and emphasize the central role played by a continuous and steady commitment to ensure through coherent policies access to financial means in order to prevent, treat, and promote health in a population. Despite efforts, technological progress in medicine and a rising life expectancy in the world’s population are affected by increasing morbidity rates leading to burdensome costs for care without better health outcomes.