Projections of Australia's Healthcare Expenditure

The Australian Institute of Health and Welfare released a new report yesterday:
Projection of health care expenditure by disease 2003 to 2033. This report examines projections of Australian health care expenditure by disease for the period 2003 to 2033. Total expenditure on health is projected to increase from 9.4% of GDP in 2002-03 to 10.8% of GDP in 2032-33. This is an increase of 15% in the health to GDP ratio (or an annual growth of 0.5% greater than growth in GDP). The report:
- provides details on the five components of the projection model
- presents expenditure projections to 2033 for the 20 disease groups
- examines the main components contributing to change in expenditure for seven major disease and injury groups.