Malaysia, Singapore, Indonesia, Philippines, Vietnam, and Thailand (ASEAN 6) will all face an unprecedented rise in healthcare costs over the next decade, putting significant strain on public health budgets. In nearly all ASEAN nations, the growth of cost in healthcare per capita has outpaced the growth in GDP per capita, indicating a gap that will further add an economic burden to the region. Meanwhile, other factors driving future demand are the shift in age demographics and unhealthy lifestyle habits. According to Solidiance's latest white paper, total healthcare spending in ASEAN 6 countries is estimated to reach US$740 billion by 2025, up from US$420 billion in 2017. An increment of US$320 billion in costs is predicted to incur, nearly doubling today’s spending. Since this implies a massive additional burden, policymakers must take early action to sustain the future of the healthcare industry.
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