The out-of-pocket health expenditure as a percentage of the total current health expenditure in Brazil has been on a steady decline from 2013 to 2023, with noticeable drops in specific years such as 2015, 2020, and 2022. By 2023, the expenditure stood at 20.77. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) was -3.51%, reflecting an average annual decrease in out-of-pocket spending in relation to total health expenditure.
From 2024 onward, forecasts predict continued reductions, with the expenditure expected to drop to 17.26 by 2028. The forecasted five-year CAGR from 2023 to 2028 is -2.96%, projecting a total decrease of approximately 13.96% over this period.
Future trends to watch for:- Continued policy changes and government initiatives aimed at improving public healthcare access and affordability.- Economic factors impacting personal disposable income levels and subsequent healthcare spending behaviors.- Technological advancements in healthcare likely to affect the cost dynamics of treatments and consultations.
