From 2013 to 2023, China's out-of-pocket health expenditures as a percentage of GDP showed minor fluctuations initially, peaking slightly around 2017-2018. By 2023, the value stood at 1.74, reflecting a consistent diminishing trend starting from 2019 with a year-on-year decrease of -0.85% and a 5-year CAGR of -1.08%. This decline suggests heightened governmental or insurance coverage or shifting health expenditure practices. Notably, projections up to 2028 forecast a continued decrease, with an average annual reduction of -0.7% and an overall anticipated 5-year reduction of -3.47% in the share of GDP.
Future trends to observe include:
- Potential policy changes in health insurance and coverage.
- Economic factors impacting disposable income and health service affordability.
- Technological advancements affecting healthcare costs and accessibility.
