Group Chief Economist Of Ambank

Recent and archived articles by Group Chief Economist Of Ambank

3 Sep 2018 | 7:00 AM

The risks you face in ‘commoditising’ healthcare

Countries around the world have recognised the need for a robust healthcare system for sustainable growth and development. Recent data shows that the US spends about 17.2% of its GDP on healthcare, while the average spending by Canada, Germany, Australia, the UK, Japan, Sweden, France, the Netherlands, Switzerland and Denmark was around 10.7% of their GDP in 2016.

With the growing need for a more efficient healthcare system to ensure sustainable economic growth, technology-enabled care solutions may help fill the gap.