Connect with us


Thailand’s ageing society points at soaring health care costs

The study found that non-communicable diseases (NCDs) such as heart disease, cancer, diabetes, high blood pressure and obesity will be major health threats for seniors

Bahar Karaman



Street vendor in Bangkok

Thailand’s ageing society will push the country’s healthcare costs to Bt1.4 trillion per year within the next 15 years, Thailand Development Research Institute (TDRI) warned.

The TDRI disclosed the results of a study on predicted public healthcare spending as it urged the government to plan for preventative healthcare and a health system for the elderly to reduce expenses.

While revealing that healthcare costs will reach Bt1.407 trillion on average by 2032, the TDRI said that if the government does not plan ahead to contain expenses, the figure could reach Bt1.825 trillion.

Individuals’ healthcare expenses could increase by up to 350 per cent

Nuttanan Wichitaksorn, the study’s lead researcher, said Thailand’s health expenses were rising rapidly from 10 per cent of total government spending in 2002 to 13 per cent since 2007.

From our research to predict the health expenses of the country during the next 15 years per the OECD’s [Organisation for Economic Cooperation and Development] measurements, we found that the cost of healthcare would [normally ] rise to about Bt480 billion to Bt630 billion, but due to the trend of the ageing society in Thailand, this cost will increase to [between] Bt1.4 trillion and Bt1.8 trillion.

Nuttanan Wichitaksorn, Thailand Development Research Institute (TDRI)

He said individuals’ healthcare expenses could increase by up to 350 per cent.

Changes in demographics towards an ageing society

Based on the data, he urged the government to plan ahead to cope with an ageing society and associated health problems by promoting preventative healthcare and measures focused on senior citizens in the future. Such measures could save as much as Bt505 billion by 2032.

Nuttanan said the reasons for the massive increase in health expenses were changes in demographics towards an ageing society.

The study found that non-communicable diseases (NCDs) such as heart disease, cancer, diabetes, high blood pressure and obesity will be major health threats for seniors and require large budgets to treat effectively.

The study found that elderly people were the major group of patients suffering from NCDs in the Universal Health Coverage scheme and Civil Servant Medical Benefit scheme.

Nuttanan suggested that people should take care of their health by exercising regularly and eating healthy food while authorities should promote good health because NCDs were preventable and mainly caused by bad habits in everyday life.

The study also found that unnecessary expenses in private hospitals were another factor that caused high health expenses for some individuals.

Nuttanan said middle-income people could access a wider range of healthcare from private hospitals, but they also had to pay the most in relation to their income, compared to people who had both lower and higher incomes.

Source link

Continue Reading


Productivity is Key to Thailand’s Growth and Prosperity, says World Bank

The Thai economy is projected to pick up moderately to 2.7 percent in 2020 as private consumption recovers and investment picks up due to the implementation of large public infrastructure projects.

World Bank



Thailand’s growth slowed to an estimated 2.5 percent in 2019 from 4.1 percent in 2018, due to external and domestic factors.


Continue Reading


Thailand plans One trillion baht state budget to stimulate economy

Deputy Prime Minister, Dr. Somkid Jatusripitak, said that about 1 trillion baht of the government’s budget will be spent to stimulate the Thai economy.

Boris Sullivan



Thai premier holds meeting on 2020 Budget

BANGKOK (NNT) – The ongoing trade war between the United States and China and a delay in state spending have added uncertainty to the country’s economic outlook.


Continue Reading


Investment promotion requests exceeded 750bn baht in 2019

An impressive 59% was in the Eastern Economic Corridor, with China outreaching Japan to become the biggest international investor in Thailand.

National News Bureau of Thailand



Bangsue railway station

BANGKOK (NNT) – Thailand remained an investment destination for international investors last year, as reflected in the overall value of investment promotion requests in 2019, released by the Board of Investment (BOI) today, which exceed a 750 billion baht goal.


Continue Reading

Most Read

Upcoming Events

Thu 23

12th World Congress on Alzheimers Disease & Dementia

January 23 @ 9:00 am - January 24 @ 5:00 pm BMT
Feb 12

Future Energy Asia

February 12 - February 14
Feb 19

13th World Congress on Nursing and Health Care

February 19 @ 9:00 am - February 20 @ 5:00 pm BMT
Phuket city
Mar 11

Food science conferences

March 11 @ 8:00 am - March 12 @ 5:00 pm BMT
Mar 11

Food science conferences

March 11 @ 9:00 am - March 12 @ 5:00 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 12,040 other subscribers