Healthcare expenditure on long-term care in Italy has shown moderate fluctuations over the past decade. From 2013 to 2023, percentage of GDP spent on long-term care remained relatively stable with minor year-on-year variations. The largest spike was in 2020 with a 7.78% increase likely due to the COVID-19 pandemic, followed by a correction in 2021. Despite short-term fluctuations, there has been little change in expenditures over the most recent five-year period (2019-2023) with a compound annual growth rate (CAGR) of 0.22%. In 2023, spending maintained its level at 0.93% of GDP.
Looking ahead, the forecast suggests a very gradual increase in expenditure, with a forecasted five-year CAGR of 0.21% from 2024 to 2028. This suggests minor cumulative growth of about 1.08% over the next five years, reaching 0.94% of GDP by 2028.
Future trends to watch for:
- Impact of aging population on long-term care needs and costs
- Government policy changes and funding adjustments in healthcare
- Technological advancements in healthcare and their potential cost-saving benefits
- Post-pandemic adjustments and stabilization in healthcare spending
