Analysis of Health Care Expenditures in the Czech Republic and European Union

Health care expenditures account for a high share of government spending across EU countries and worldwide. There are many factors that influence them. The article is based on primary and secondary sources. Primary sources are based on the information gained from Czech statistical office, Ministry of Finance, OECD, Eurostat, European Commission, WHO etc. The aim of the article is is to analyse health care expenditures in individual EU countries with a focus on predicting other health care expenditure in the Czech Republic. The prognosis of trend of healthcare expenditure and GDP, correlation analysis and Spearman coefficient will be used. Unlike the calculated prognosis according to European Commission statement there would be a slight decline in the economy and GDP expects a decline. The growth rate of the Czech economy this year will slow to 2.6 percent from last year's 2.9 percent. The European Commission predicted this in its spring economic outlook. Based on this analysis, dependency health expenditure of individual households and GDP in Czech Republic between 2010 and 2017 will be shown. Very interesting is also comparison results from the Czech Republic with another states in European Union. Similar trend as in Sweden, Great Britain, Croatia or Germany will be shown.