The France Healthcare Market is an extremely useful and applauded facility provided by the French government. According to the market research, the service provides universal coverage in terms of medical resources to the legal residents in the area. The system provides a pathway for patients to access a fully integrated network of public and private hospitals. The structure of the facility brings together a network of doctors and medical service providers stationed throughout France.
Statistics pertaining to the Healthcare Market in France
The health care system in France is a government-aided medical facility under national health insurance. The government health expenditure accounted for a value of 83.74% with total spending of USD 253,646 Million. The healthcare unit within France constituted a value of 9.37% of the GDP in the year 2019. The OECD average for the year 2019 had a value of roughly 8.8%. Therefore, France has a higher value of GDP-based growth and acquisition as compared to most of the rich countries since the value of its GDP is above the OECD average.
According to healthcare market research report, French health care spending is distributed by part amongst obligatory health contributions levied on all salaries. This contribution is paid by all the citizens of France including employers, employees, and self-employed people. Another segment of this funding is provided by the central government and end-users who have to pay a small fraction of the cost incurred while procuring these services. According to the market database, about 78% of healthcare spending is covered by government-funded agencies.
As per the market database, France has experienced a fluctuation in terms of health care spending to GDP ratio in the recent past. The value peaked by 11.6% during a financial crisis in 2014, followed by a gradual decline of 11.2 % in 2018. Hence, the France Healthcare Market spending continued to outpace the economic growth till the year 2016 after which it attained a stagnation point. Stability was established due to measures employed to curtain the costs including price negotiations based on pharmaceuticals.
The data obtained about the functioning of the French-based health care system is taken from dynamic market research report. Global Market Database is one of the sources that provide market data that shifts in line with the changing market trends associated with the health care industry. The cloud-based platform offers data concerning recent years that are relevant to the changing scenario.
Government insurance coverage in France
Most of the general physicians present in France are in private practice yet they draw their income from public insurance funds. The primary health care providers constitute a network of roughly 23,000 General Practitioners (GP), i.e. for every 2600 inhabitants of the area, there is one practitioner. On performing a comparative analysis with the U.K., France has about 10% more GPs. The area has twice as many hospital beds and over 40% more nurses and midwives.
According to the market database, the funding of this health sector in Germany is looked after by the government. The financial and operational management of health insurance including setting premium levels of insurance is done by the government administration.
As of the year 2000, funding facilities for healthcare-based aid were restricted to certain segments of the society. These segments included people who contributed to the social security of the nation such as workers or retirees. Previously, citizens below the poverty line could not procure these amenities. However, under the government of Lionel Joseph new regulations were imposed on the health care facilities provided over the nation. Medical assistance was made available to all segments of the society, like universal health coverage that could be extended to all the legal residents of France.
The French government refunds about 70% of the costs borne by the patients and ensures 100% coverage of patient costs in case of long-term ailments. Long-duration medical problems include ailments like cancer, diabetes, etc. Other sources such as private insurance companies and mutual insurers are used to procure medical costs. Most of these private facilities are non-profit organizations. Public hospitals in France have around 62% of hospital beds, around 14% by private non-profit organizations, and 24% by for-profit companies.
According to the market database, private insurance companies refund only 3.7% of the hospital costs incurred during therapeutics and treatment, instead, it covers a larger segment of costs related to medicinal prescription. The spectacles and prosthesis cost coverage amounted to a value of 21.9% while drugs comprise 18.6% and dental care constituted 35.9% in the year 2000.