The Macroeconomic Impact of Healthcare Financing Alternatives : Reform Options for Hong Kong SAR.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund, Contributor.

Series:

IMF Working Papers; Working Paper ; No. 2008/272

IMF Working Papers

Language:

English

Physical Description:

1 online resource (33 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2008.

Language Note:

English

Summary:

With much healthcare publicly funded, Hong Kong's rapidly aging population will significant raise fiscal pressure over coming decades. We ask what the implications are of meeting these costs by public funding, or private funding voluntarily or through mandates. Our simulations suggest that without early reform, these costs quickly become unsustainable. Prefunding is key. Whether this is done through the public system or through mandatory private provision is less important. Voluntary schemes are likely to result in insufficient savings without tax incentives. Even then, voluntary accounts are unlikely to yield better macroeconomic outcomes, while mandates tend to produce more equitable consumption.

Contents:

Contents; I. Introduction; II. Hong Kong SAR's Rising Healthcare Cost Challenge; A. Background-Scope of the Challenge; B. Options to Limit Healthcare Costs-Your Health, Your Life; C. How Do We Assess the Impact of the Alternatives?; III. Global Fiscal Model; IV. The Macroeconomic Impact of Financing Reform Options; A. Direct Government Funding and Social Insurance; Figures; 1. Macroeconomic Effects Baseline; 2. Macroeconomic Impact of Prefunding; B. Private Funding of Rising Healthcare Costs; 3. Macroeconomic Effects Mandatory Healthcare Savings: Private Versus Private-Public Funding

4. Macroeconomic Effects of Voluntary Healthcare Provision without Tax Incentives5. Macroeconomic Effects of Voluntary Healthcare Provision with Tax Incentives; V. Conclusions and Other Considerations; Appendices; I. Comparison of Different Supplementary Financing Options and Existing Financing Model; II. Summary of the IMF's Global Fiscal Model; References

Notes:

Description based upon print version of record.

Description based on publisher supplied metadata and other sources.

ISBN:

9786613824264

9781462394128

1462394124

9781451993332

1451993331

9781283511810

1283511819

9781451994308

1451994303

OCLC:

870244653