The Country’s Total Health Spending Contributes 5.5 Percent to the Economy in 2022
The total health expenditure in the country went up by
- With the total health expenditure growing faster than the population, per capita health spending went up by P142 from P1,978 in 2004 to P2,120 in 2005 or a
7.2 percent increase.
- The share of health expenditure to GDP was lower at
3.3 percent in 2005 compared to previous year’s3.4 percent. It is still below the5 percent standard set by the World Health Organization (WHO) for developing countries. On the other hand, the share of health expenditure to GNP remained at3.1 percent which is within the National Objectives for Health (NOH) target of3-4 percent
- Health benefit payments from social insurance showed the highest growth rate at
24.9 percent or a P4.0 billion increase in 2005. This resulted from the big hike in payments from Employees' Compensation at42.4 percent and PhilHealth at24.4 percent.
- The government’s target to depend less on out-of-pocket payments and provide more social health insurance is still far from being realized as the share of out-of-pocket payments even increased to
49 percent while the share of social insurance payments increased only slightly to11 percent in 2005. Based on the Health Sector Reform Agenda (HSRA), the target for out-of-pocket is20 percent while the target for social insurance is30 percent. Meanwhile, the share of government on health expenditure declined to29 percent which is also below the HSRA target of40 percent .