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The Bangladesh health policy document was published in 2011 and adheres to the following : Health is defined as "A state of complete physical, mental and social well-being and not merely the absence of disease or infirmity." [1] Every citizen has the basic right to adequate health care.
The Health Economics Unit (Bengali: স্বাস্থ্য অর্থনীতি ইউনিট) is a Bangladesh government regulatory agency under the Ministry of Health and Family Welfare of Bangladesh responsible for providing policy advice and recommendation on the health industry to the government. [1] [2] [3]
The research on economic problems of the health sector became an important topic of economic research. [16] Selma Muskin published "Towards the definition of health economics" in 1958 and, four years later, the paper, "Health as an Investment". At that time, health was broadly regarded as rather a consumptive branch of the economy.
The IDRA Act 2010 has paved the way for better regulation of the sector by reducing business risks, and by harmonizing local and international insurance laws for the Economy of Bangladesh. IDRA attempts to protect the interest of insurance policyholders, beneficiaries and ensuring stability of the insurance sector. [2]
This is an accepted version of this page This is the latest accepted revision, reviewed on 9 December 2024. Economic sector focused on health An insurance form with pills The healthcare industry (also called the medical industry or health economy) is an aggregation and integration of sectors within the economic system that provides goods and services to treat patients with curative, preventive ...
The total expenditure on healthcare as a percentage of Bangladesh's GDP was 2.48% in 2019. [7] In the parliamentary budget of 2017–18, the budget that was set for the health sector was 16 thousand 203 crore 36 lakhs taka. [8] There are 3 hospital beds per 10,000 people. [9]
The public interest theory of regulation claims that government regulation acts to protect and benefit the public. [1] The public interest is "the welfare or well-being of the general public" and society. [2] Regulation in this context means the employment of legal instruments (laws and rules) for the implementation of policy objectives.
Regulation is generally defined as legislation imposed by a government on individuals and private sector firms in order to regulate and modify economic behaviors. [1] Conflict can occur between public services and commercial procedures (e.g. maximizing profit ), the interests of the people using these services (see market failure ), and also ...