On The Economic Impact of Covid-19 On China’s Health Sector
Journal Title: International Journal of Social Science And Human Research - Year 2024, Vol 7, Issue 07
Abstract
This paper provides a comprehensive analysis of the economic and health impacts of COVID-19 on China's health sector, combining qualitative analysis with the research of Qian,X et al. The aim of this paper is to analyse the impacts of China's epidemic policy on the economy and the economic burden of COVID-19 on the population and the solutions to this problem, and to use the research data as a reference for managers, pointing out that coping with this type of public health emergencies is a major concern for the health sector. The study first looks at the economic impact of increased demand for healthcare, the The study first identifies the direct economic impact of the outbreak in terms of increased demand for healthcare, reallocation of healthcare resources, and disruption of the supply chain for medical equipment. By analysing official data and industry reports between 2020 and 2022, the study details changes in public and private healthcare spending during the public health crisis and the impact of these changes on the affordability of healthcare services and the economic stability of healthcare providers. At the same time, the paper explores the long-term impact of COVID-19 on the public health situation, especially on the underclass social groups, which in turn increased the economic burden on the healthcare system. Finally, the paper discusses future strategies for responding to similar public health crises through policy interventions and innovative solutions, aiming to provide policy makers with evidence-based recommendations to optimise the allocation of health resources, improve the coping capacity of the healthcare system, and, most importantly, to improve society's coping strategies for coping with the double whammy of economy and health brought about by emergencies and providing economic sustainability.
Authors and Affiliations
Shi Zhenglong, Dr. Tengku Kasmini Tengku Wook
Keywords
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- EP ID EP740572
- DOI 10.47191/ijsshr/v7-i07-76
- Views 47
- Downloads 0
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