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What is Health Expenditures

Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry
According to U.S. National Library of Medicine, health expenditures occurs the amounts spent by individuals, groups, nations, or private or public organizations for total health care and/or its various components. These amounts may or may not be equivalent to the actual costs (Health Care Costs) and may or may not be shared among the patient, insurers, and/or employers.
Published in Chapter:
The Philippine Health Care Delivery System and Health Expenditure
Abdulkadir Işık (Namık Kemal University, Turkey), Abdulhamid Mauyag Gunda (Namık Kemal University, Turkey), and Birol Topçu (Namık Kemal University, Turkey)
DOI: 10.4018/978-1-4666-7484-4.ch016
Abstract
Health is recognized by the Philippine constitution as a basic human right. The Philippines, compared to most Asian countries, produces more and better human resources for health. However, the Philippines are challenged by attracting and retaining staff in the under-served areas of the country. Philippine allotted 4.2-4.4% of its GDP to health from 2009 to 2011. Furthermore, considerable inequities in health care access and outcomes between Socio-economic groups remain. The Phil Health's limited breadth and depth of coverage has resulted in high levels of out of pocket payments. The implementation of the reforms in financing, service delivery and regulation which are aimed to tackle the inefficiencies and inequalities in the health system has been challenged by the decentralized environment and the presence of private sector, often creating fragmentation and variation in the quality of health services across the country.
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