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Health spending starts to rise but remains weak in Europe

In Europe, health spending continued to fall in 2012 in Greece, Italy, Portugal and Spain, as well as in the Czech Republic and Hungary. In Greece, health spending in real terms was 25% lower in 2012 than in 2009, primarily driven by cuts in public spending.

By contrast, outside Europe, Chile and Mexico saw strong growth in health spending in 2012, at 6.5% and 8.5% respectively, largely due to further efforts towards universal coverage and access to healthcare. Health spending in Korea has continued to grow at an annual rate of 6% since 2009, mainly driven by increases in private spending.

In the United States, health spending grew by 2.1% in 2012, above the OECD average but similar to growth rates in 2010 and 2011.

Overall health spending accounted for 9.3% of GDP on average across OECD countries in 2012, little changed from 9.2% in 2011, but up from 8.6% before the crisis.

Continued reductions in pharmaceutical spending

While spending on hospital and outpatient care grew in many countries in 2012, almost two-thirds of OECD countries have experienced real falls in pharmaceutical spending since 2009. Reductions have been driven by price cuts, often through negotiations with manufacturers, and a growing share of the generic market. This share has increased due to patent expirations for a number of high-volume and high-cost brand name drugs, and policies to promote the use of cheaper generic drugs.

The share of the generic market grew on average by 20% between 2008 and 2012 to reach 24% of the total pharmaceutical expenditure. The increase was particularly steep in Spain (+ 100%), France (+60%), Denmark (+44%) and the United Kingdom (+28%).

 

 

 

by S. C.
30 june 2014, Food & Fun > Health

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