2023
DOI: 10.1186/s12992-023-00947-4
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Future health expenditure in the BRICS countries: a forecasting analysis for 2035

Abstract: Background Accelerated globalization especially in the late 1980s has provided opportunities for economic progress in the world of emerging economies. The BRICS nations’ economies are distinguishable from other emerging economies due to their rate of expansion and sheer size. As a result of their economic prosperity, health spending in the BRICS countries has been increasing. However, health security is still a distant dream in these countries due to low public health spending, lack of pre-paid… Show more

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Cited by 21 publications
(5 citation statements)
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“…Increasing the prevalence of complex diseases leads to more OOP payments ( 29 ). Furthermore, increases in OOP payments can have regressive effects, potentially leading to a substantial number of people being pushed into poverty due to health care costs ( 30 , 31 ). Thus, accurate predictions of health spending patterns can help predict how countries will fare in the health care sector ( 31 ).…”
Section: Discussionmentioning
confidence: 99%
“…Increasing the prevalence of complex diseases leads to more OOP payments ( 29 ). Furthermore, increases in OOP payments can have regressive effects, potentially leading to a substantial number of people being pushed into poverty due to health care costs ( 30 , 31 ). Thus, accurate predictions of health spending patterns can help predict how countries will fare in the health care sector ( 31 ).…”
Section: Discussionmentioning
confidence: 99%
“…However, health security is still a distant dream in these countries due to low public health spending, lack of prepaid health coverage, and high out-of-pocket spending. 22 , 23 The total health expenditure of China, one of the BRICS members, has continuously increased as a share of GDP spending since 1995 and controlling health expenditure is a big challenge for the Chinese government. 17 In particular, CI, a disease with serious medical expenses, is more worthy of study.…”
Section: Discussionmentioning
confidence: 99%
“…The discount rate is low when calculating the return on investment in the long term. 48 The return to society from health in the long term rather than the short term. Therefore, a low discount rate is used for health outcomes.…”
Section: Methodsmentioning
confidence: 99%