Medical Expenditure and Economic Development: Differences, Challenges and Coping Strategies

Research Article
Open access

Medical Expenditure and Economic Development: Differences, Challenges and Coping Strategies

Canyan Xu 1*
  • 1 Nanjing Foreign Language School Xianlin Campus    
  • *corresponding author Annie.Xucanyan@outlook.com
LNEP Vol.97
ISSN (Print): 2753-7056
ISSN (Online): 2753-7048
ISBN (Print): 978-1-80590-137-2
ISBN (Online): 978-1-80590-138-9

Abstract

The relationship between medical expenditure and economic development is crucial, which not only affects people’s health and quality of life, but also the national economic growth. This article aims to deeply explore the connection, challenges and corresponding policy goals between medical expenditure and economic development in different types of countries. After analyzing the economic growth data of various countries in 2023 and the corresponding proportion of medical expenditure, it is found that the high medical expenditure of developed countries is beneficial to the development of the medical industry and the improvement of the health status of the workforce, but they are facing the pressure of medical insurance brought about by medical cost control and population aging. There are problems such as uneven allocation of resources and insufficient security in developing countries’ medical systems. In addition, the medical system of underdeveloped countries is extremely weak, which seriously restricts economic development. The policies that can be implemented are as follows. Developing countries should strengthen the construction of the medical system and learn from the medical insurance model of developed countries, and less developed countries need the support of the international community and formulate health policies suitable for themselves.

Keywords:

healthcare expenditure, economic development, inequality

Xu,C. (2025). Medical Expenditure and Economic Development: Differences, Challenges and Coping Strategies. Lecture Notes in Education Psychology and Public Media,97,33-38.
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References

[1]. Yang K., Wang Y., Zhang Z., Zhao M., Lu J., and Liu Q. (2007) Evidence-based evaluation of Sweden’s medical risk supervision system. Chinese Hospital Management, 27(3), 4.

[2]. Jin, H. (2022) The impact of medical insurance payment method reform on hospital financial management. Proceedings of the International Academic Forum on Finance and Management, Kolqin Right Wing Front Banner People’s Hospital, (II), 110-112.

[3]. Zhong, X. and Yang L. (2016) Empirical analysis of the relationship between public and private medical and health expenditure and economic growth. Financial Theory Series, (3), 8.

[4]. World Bank. (2023) GDP growth (annual %). World Development Indicators. The World Bank Group. Retrieved from http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG

[5]. Mccullough, J. C., Zimmerman, F. J., Fielding, J. E. and Teutsch, S. M. (2012) A health dividend for America: the opportunity cost of excess medical expenditures. American Journal of Preventive Medicine, 43(6), 650-654.

[6]. Li, C. (2011) Survey and research on the current situation of the happiness index of urban residents in Wenzhou. Zhejiang Social Sciences, (6), 5.

[7]. Bedir, S. (2016) Healthcare expenditure and economic growth in developing countries. Advances in economics and business, 4(2), 76-86.

[8]. Seremet, G. G. and Konca, M. (2024) Technical efficiency and its determinants in healthcare systems of underdeveloped countries. Evaluation and Program Planning, 107, 102473-102473.

[9]. Chen, Z. (2021) Impacts from economic development and environmental factors on life expectancy: A comparative study based on data from both developed and developing countries from 2004 to 2016. International Journal of Environmental Research and Public Health, 18(16), 8559.

[10]. Zwi, A. B. and Mills, A. (1995) Health policy in less developed countries: past trends and future directions. Journal of International Development, 7(3), 299-328.

Cite this article

Xu,C. (2025). Medical Expenditure and Economic Development: Differences, Challenges and Coping Strategies. Lecture Notes in Education Psychology and Public Media,97,33-38.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceeding of ICGPSH 2025 Symposium: The Globalization of Connection: Language, Supply Chain, Tariff, and Trade Wars

ISBN：978-1-80590-137-2(Print) / 978-1-80590-138-9(Online)
Editor：Enrique Mallen, Canh Thien Dang
Conference website: https://2025.icgpsh.org/London.html
Conference date: 25 June 2025
Series: Lecture Notes in Education Psychology and Public Media
Volume number: Vol.97
ISSN：2753-7048(Print) / 2753-7056(Online)

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References

[1]. Yang K., Wang Y., Zhang Z., Zhao M., Lu J., and Liu Q. (2007) Evidence-based evaluation of Sweden’s medical risk supervision system. Chinese Hospital Management, 27(3), 4.

[2]. Jin, H. (2022) The impact of medical insurance payment method reform on hospital financial management. Proceedings of the International Academic Forum on Finance and Management, Kolqin Right Wing Front Banner People’s Hospital, (II), 110-112.

[3]. Zhong, X. and Yang L. (2016) Empirical analysis of the relationship between public and private medical and health expenditure and economic growth. Financial Theory Series, (3), 8.

[4]. World Bank. (2023) GDP growth (annual %). World Development Indicators. The World Bank Group. Retrieved from http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG

[5]. Mccullough, J. C., Zimmerman, F. J., Fielding, J. E. and Teutsch, S. M. (2012) A health dividend for America: the opportunity cost of excess medical expenditures. American Journal of Preventive Medicine, 43(6), 650-654.

[6]. Li, C. (2011) Survey and research on the current situation of the happiness index of urban residents in Wenzhou. Zhejiang Social Sciences, (6), 5.

[7]. Bedir, S. (2016) Healthcare expenditure and economic growth in developing countries. Advances in economics and business, 4(2), 76-86.

[8]. Seremet, G. G. and Konca, M. (2024) Technical efficiency and its determinants in healthcare systems of underdeveloped countries. Evaluation and Program Planning, 107, 102473-102473.

[9]. Chen, Z. (2021) Impacts from economic development and environmental factors on life expectancy: A comparative study based on data from both developed and developing countries from 2004 to 2016. International Journal of Environmental Research and Public Health, 18(16), 8559.

[10]. Zwi, A. B. and Mills, A. (1995) Health policy in less developed countries: past trends and future directions. Journal of International Development, 7(3), 299-328.

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