Connect with us

Economics

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

Published

on

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
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

Economics

Finance Ministry cuts economic growth outlook to 2.8%

The Ministry of Finance has now cut the country’s economic growth outlook to 2.8%, from the previous 3%.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – After three quarters, the global economic slowdown and the ongoing trade war between China and the United States, are still having an adverse impact on the Thai economy.

(more…)

Continue Reading

Asean

We’ve entered the Asian Century and there is no turning back

In the nineteenth century, the world was Europeanized. In the twentieth century, it was Americanized. Now, it is being Asianized – and much faster than you may think.

Avatar

Published

on

Asia’s rise has been swift. Home to more than half of the world’s population, the region has climbed from low- to middle-income status within a single generation. By 2040, it is likely to generate more than 50% of world GDP, and could account for nearly 40% of global consumption.

(more…)

Continue Reading

Economics

EIC Export growth forecast for 2019 is maintained at -2.5%

Without a clear signal of export recovery, EIC views that during the 4th quarter of 2019 the export contraction momentum will continue

Avatar

Published

on

iStock-1144933955.jpg

Although China and the US reached a preliminary trade agreement on October 10-11, 2019, the ongoing trade war should still drag on, pressuring export growth throughout the remainder of the year. Hence, EIC maintains its -2.5% export growth forecast for 2019.

(more…)

Continue Reading

Most Read

Upcoming Events

Wed 13

Digital Marketing Summit Asia 2019

November 11 - November 15
Fri 15

TCSD Cybersecurity Conference 2019

November 15 @ 9:30 am - 5:00 pm BMT
Wed 27

The Future Energy Show Thailand

November 27 @ 10:00 am - November 28 @ 5:30 pm BMT
Dec 02

Top Food science conference 2019

December 2 @ 9:00 am - December 3 @ 5:00 pm BMT

Press Release

Subscribe via Email

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

Join 11,770 other subscribers

Trending