2019
DOI: 10.1080/14737167.2019.1605292
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Pharmaceutical expenditure and total health-care expenditure in OECD countries and China: bidirectional Granger causality on the basis of health level

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Cited by 7 publications
(6 citation statements)
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“…Medical expenditures as a proportion of gross domestic product (GDP) also increased steadily from 5.9% in 2010 to 8.0% in 2019 ( 3 ). Pharmaceutical expenditure in lower-middle-income countries can be up to 70% of total healthcare expenditure, much of which is out-of-pocket (OOP) ( 4 ). Medicines account for 20–60% of health spending in developing and transitional countries.…”
Section: Introductionmentioning
confidence: 99%
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“…Medical expenditures as a proportion of gross domestic product (GDP) also increased steadily from 5.9% in 2010 to 8.0% in 2019 ( 3 ). Pharmaceutical expenditure in lower-middle-income countries can be up to 70% of total healthcare expenditure, much of which is out-of-pocket (OOP) ( 4 ). Medicines account for 20–60% of health spending in developing and transitional countries.…”
Section: Introductionmentioning
confidence: 99%
“…In 2016, pharmaceutical expenditures comprised 35.8% in THE in China, which was much higher than (29.5%) the highest of Organization for Economic Cooperation and Development (OECD) nations ( 9 ). Pharmaceutical expenditure in lower-middle-income countries can be up to 70% of THE, much of which is OOP, compared to up to 17% in higher-income countries ( 4 , 10 ). Pharmaceutical expenditures depended on drug prices and drug volume, which were corresponding to the supply and demand sides of drugs, respectively ( 11 ).…”
Section: Introductionmentioning
confidence: 99%
“…Drug expenditure is one of the main components of total healthcare expenditures. In lower-middle-income countries, drug expenditure can be up to 70% of total healthcare expenditures, much of which is out-of-pocket ( Xiong et al, 2019 ). As a result, drug spending has induced an increasing financial burden on patients ( Cameron et al, 2009 ).…”
Section: Introductionmentioning
confidence: 99%
“…With the growing demand for medical care, health spending and pharmaceutical expenditure has increased rapidly over the past few decades [ 1 , 2 ]. Drug expenditure accounts for 30% of total health expenditure in China [ 3 ], far higher than that proportion in the Organization for Economic Co-operation and Development (OECD) countries [ 4 ].…”
Section: Introductionmentioning
confidence: 99%