Healthcare costs in the ASEAN region are forecasted to increase to USD 740 billion in 2025 up from US$420 billion spent in 2017. A USD 320 billion increase in spending in under less than 10 years could have adverse effects on the economy and standard of healthcare in these six countries. Among the reasons why healthcare costs are increasing rapidly is due to the aging population of the region. Aside from that, the prevalence of smoking in Southeast Asia is also a contributing factor to the increasing costs of healthcare. The white paper titled “The US$320 billion healthcare challenge in ASEAN”, the study focuses on the healthcare economy of six major Southeast Asian countries – Indonesia, Malaysia, Singapore, Thailand, Vietnam and The Philippines – dubbed the ASEAN 6.
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