Compare and contrast the differences in expenditures for hea

Compare and contrast the differences in expenditures for health care with middle- and high-income countries. (300 words)

Solution

Expenditure spent upon healthcare goods and services, such as medicines and drugs, hospitals, medical services, etc. Massive growth of health expenditure has become an area of concern for government as well as households. Funding essential health care in middle-income countries is tough as the health care resources costs a lot. It is struggling as compared to high income countries. Middle income countries are developing, still poverty and inequality exists. The level of unemployment is high in middle income countries. In global health spending 2013, about 137 low and middle income countries participated giving its contribution almost 14% only. Whereas, high income countries provide a huge sum on medical spending globally. Here, the healthcare infrastructure is underfunded, therefore, these middle income countries need external funds for medicine and drugs supplies from the developed and high income countries. There are debates going on among healthcare analysts and policymakers to grow health care plans to improve health outcomes. High income countries have much better health systems. People in middle income countries are financially unstable as compared to high income countries, as a result, few of the households can afford the benefit of health insurance programs. They are reliable upon private funds. Therefore, almost 50% expenditure is private. Private funds implies to households out-of-pocket payments. People in middle income countries look for private health insurance plans. There is high administration and management of health programs in rich countries. For instance, cost of medicines is double in the United States as compared to other countries.