Global Leadership Series: Is health care a luxury?
- Full Description:
- Australia’s ageing population presents major challenges to the health sector however it is not the main source of health expenditure growth. An increase in technological innovation is a driving force behind rising health care costs and together with income growth, population age and the widespread availability of insurance, Australia faces a major expenditure challenge.
The Australian Treasury estimates that in the absence of disruption to current trends, health expenditure will increase from its current level—which is just over 9% of Gross Domestic Product (GDP)—to more than 27% of GDP by 2050. This Global Leadership Series event will explore the opportunities and challenges faced by the Australian health sector and provide suggested solutions to enable Australia to innovate in the prevention and treatment of illness, while containing costs.
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