Value of household consumption on healthcare Thailand 2011-2020

The value of household consumption expenditure on healthcare reached its highest in 2020, amounting to approximately 462.3 billion Thai baht. The healthcare sector contributes to Thailand’s gross domestic product (GDP) greatly, its contribution has been steadily increasing in the past decade.

Healthcare coverage in Thailand

The majority of the Thai population is covered by the Universal Coverage Scheme or UCS. This scheme allows Thai citizens to receive health care and medical treatments provided in public hospitals. The advantage of UCS is the comprehensive healthcare accessibility with a fee of as little as one dollar. However, the disadvantage of such a scheme is that only public hospitals are participating in this scheme, therefore, the waiting time can be lengthy. Since 2010, the Thai government has been adding more budget to the Universal Coverage Scheme, reaching nearly 203 billion Thai baht in 2021. Apart from public health insurance, the Thai people can also opt for private health insurance. One of the leading health insurance companies in Thailand is AIA Group Limited; it was awarded Thailand’s most admired brand in the health insurance sector in 2021.