Connect with us
//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});

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

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

0/5 (0 Reviews)
Comments

Banking

SCB cuts thai growth forecast to 3.6%

The SCB’s Economic Intelligence Center (EIC) has reduced its growth projection for the Thai economy this year to 3.6%

Olivier Languepin

Published

on

The SCB’s Economic Intelligence Center (EIC) has reduced its growth projection for the Thai economy this year to 3.6% from a previous expectation of 3.8%.

(more…)
2.7/5 (3 Reviews)
Continue Reading

Economics

แนวโน้มเศรษฐกิจเอเชียลดต่ำลงจากการชะลอตัวของอุปสงค์ทั่วโลก

ประเทศกำลังพัฒนาของเอเชียยังคงเติบโตอย่างแข่งแกร่งทั่วทั้งภูมิภาค แต่ในระดับที่ชะลอตัวในปีนี้และปีหน้า เนื่องจากความตึงเครียดทางการค้าที่มีอย่างต่อเนื่อง

Avatar

Published

on

ฮ่องกง (3 เมษายน 2562) – ประเทศกำลังพัฒนาของเอเชียยังคงเติบโตอย่างแข่งแกร่งทั่วทั้งภูมิภาค แต่ในระดับที่ชะลอตัวในปีนี้และปีหน้า เนื่องจากความตึงเครียดทางการค้าที่มีอย่างต่อเนื่อง

(more…)
3.5/5 (2 Reviews)
Continue Reading

Economics

Emerging Asia’s Growth Prospects to 18-year low (ADB)

Southeast Asia is projected to grow 4.9% this year, slower than December’s 5.1% forecast, and 5% in 2020.

Avatar

Published

on

Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions, according to a new Asian Development Bank (ADB) report.

(more…)
0/5 (0 Reviews)
Continue Reading

Most Read

Must Read

Subscribe via Email

Enter your email address to receive notifications of new articles by email.

Join 14,324 other subscribers

Trending