Reducing “unwarranted variation”
Across the world, healthcare costs are rising at above GDP growth, meaning they take more and more of national incomes. Part of the solution lies in tackling 'unwarranted variation' in clinical practice.
Health inflation in every major economy has long exceeded the trend rate of GDP growth, making healthcare progressively less and less affordable.
For example, in Australia alone, healthcare costs are expected to increase from the current level of 15% of all Government spending to 26% by 2050, or 4.0% and 7.1% of GDP respectively.* This pattern is repeated time and again across the globe.
This financial pressure is driving considerable efforts to maintain and broaden access to healthcare while improving quality and cost effectiveness and to reform health systems.
As Bupa was founded to "prevent, relieve and cure sickness and ill health of every kind", our goal is to broaden access to quality healthcare. Making healthcare affordable is central to this, which is why we have been looking at a number of ways to decouple enhanced healthcare from higher costs.
Across the world, healthcare costs are rising at above GDP growth, meaning they take more and more of national incomes. Part of the solution lies in tackling 'unwarranted variation' in clinical practice.
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