The Effects of Health Care Costs on Health Status in Selected Developed Countries
Health can be considered an important component of human capital and normally it is expected that healthy people who are working with a certain amount of production factors, are more productive than patients labor. Healthy people are usually more motivated to earn money, harder working and more efficient. In addition, increasing investment in health care can enhance the efficiency of other investments in training health human resources in areas such as public and specialized education. Accordingly, this paper is trying to examine the effects of health care costs on health status in selected developed countries in 2000 to 2014 using panel data and GMM methods. The results show that public health expenditures, private health expenditures, GDP per capita and education and human development have negative effects on mortality rate and the population over 65 years has a positive effect on mortality rate. The results of GMM methods show that mortality rate with a time lag and the population over 65 years have postive effects and public health expenditures, private health expenditures, GDP per capita and education and human development have negative effects on mortality rate in studied countries.