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Finance: Comparative performance of private and public healthcare systems - Literature review Example

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Finance: Comparative performance of private and public healthcare systems

Oil producing countries are nations that mine oil as one of their most important export commodity. Despite the amount of money that they receive from the oil they are the countries that are most afflicted with conflicts and corruption. Their governments also mainly focus on oil production instead of other aspects of the economy, this leads to them importing most of their food products and other items which they could be producing as a country. Therefore the health care of some oil producing countries despite their wealth is poor and are comparable to health care systems of middle income countries. Organization of Petroleum Exporting country was created as a cartel of oil exporting countries. The goal of OPEC is to protect the interest of oil exporting countries that are part of the cartel. This has led to oil prices being driven upwards despite this fact some oil producing countries still do not have good healthcare systems. Oil exporters have performed poorly in their economic management and policies than most countries that have sparse resources. They have been reporting massive revenues from oil exporting since1973; but they have performed poorly than most of the countries that don’t have oil production. From Nigeria conflicts to high living expenses in countries like Saudi Arabia. These countries have not done enough especially in health care systems. ...
I will, therefore analysis the health care of oil producing countries in terms of public and private facilities in oil producing countries. The major oil producing countries are Russia, Saudi Arabia and United states; they produce the most oil in the world. Russia’s public healthcare system is a bit deteriorated compared to United States and Saudi Arabia. I shall begin with health care policies in public and private Arab countries that produce oil. Oil producing Arab countries The health care facilities of Arab countries have evolved very positively in the last three decades. This growth has been impressive; governments have taken measures to develop the health care systems of their respective nations. The health care system has changed over a small period of time. Although they are still major disparities in improvement with countries like United Arab Emirates and Oman leading the pack and countries like Sudan and Nigeria lagging behind. Quantity of oil production is also different in the countries, countries like United Arab Emirates Oman and Saudi Arabia lead in oil production. Private hospitals began in the period between 1900 and 1950, with doctors having their education outside the country and coming to practice home opening private clinics, which have developed through the years to become lucrative private facilities that offer luxury health care services. After 1950 health care was seen as a human right where everyone was entitled to receive health care, the countries therefore took serious measures to make health care available to all. They adopted a public sector welfare system financed with oil revenues; they were able to start a fresh after independence since there health care before independence was ...Show more

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(Name of institution) (Student registration number) Introduction Middle income countries are countries that are still struggling in their provision of facilities to their citizens and have not reached developmental level required in the Millennium development goals…
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