Increased healthcare budgets are not the answer, says report.22nd January 2014
The amount of money spent on healthcare does not directly correlate to quality, according to research carried out by the Organisation for Economic Co-operation and Development (OECD). Nor is there a better performer between privatised or public healthcare systems.
The research also suggests only 40% of life expectancy improvements are due healthcare spending and far more is due to working conditions and lifestyle choices such as: smoking, alcohol consumption and levels of inactivity.
Many of the countries which spent highly on pharmaceuticals also had a longer average-hospital stay which could increase healthcare cost. It was also noted that these same nations had a shorter-than-average stay for severe conditions which can be liked to a greater readmission rate.
Note: Check the 'downloads' section for a table highlighting the top statistics of the top nations.
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Title: Increased healthcare budgets are not the answer, says report.
Author: Dan Boyle
Article Id: 25063
Date Added: 22nd Jan 2014