Essay on Australian Institute Of Health And Welfare

1740 Words Aug 5th, 2016 null Page
Like many healthcare systems around the world, Australia has a complex system in place for the funding healthcare to meet the needs of its citizens. According to the Australian Institute of Health and Welfare (AIHW), in 2011-12 Australia spent an estimated $140.2 billion on healthcare, accounting for approximately 9.5% of the gross domestic product (AIHW, 2014). Australia has seen substantial growth in the cost of healthcare over the last decade due to an aging population, increased prevalence of chorionic conditions, changes in personal incomes, technology, and other economic trends (AIHW, 2014). Government sources account for the bulk of all healthcare funding, with the Australian Government contributing 42.4%, and state and territory governments contributing 27.3% (AIHW, 2014). The remaining 30.3% of healthcare funding came through patients, private insurers, and accident compensation (AIHW, 2014). Appendix A shows the full breakdown of funding and expenditure sources as provided by the AIHW. In 1984 the Australian Government introduced Medicare, a national health insurance program offering three major components: hospital, medical services, and pharmaceuticals (The Commonwealth Fund, 2015). All Australians, regardless of income, age, or other characteristics, have universal access to the Australian Medicare system giving them free, or low cost, access to the healthcare system. Access to the Medicare system includes hospital treatment and subsidies for out-of-hospital…

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