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Healthcare economics

Across the world, the demand for healthcare resources continues to increase as a result of an increase in the elderly population, alongside increased prevalence of chronic disease, higher patient expectations of the health system and increased use of technology.

Where healthcare is funded from public taxation, the changing demographic profile of the population will also challenge the ability of governments to increase funding for healthcare, since the proportion of persons of non-working age will increase.

Constraints in budgets may also mean that training of healthcare professionals such as nurses will suffer, resulting in fewer trained professionals and a potential shortageof nursing staff.