The Impact Of Medical Corruption On World’s Economy

Abstract

Corruption in the healthcare sector manifests in various forms, and its implications extend beyond compromised patient care. From a macroeconomic perspective, these illicit practices significantly burden economies by inflating healthcare costs, diverting crucial resources, and discouraging investments in the health sector. For patients, this can translate to exorbitant out-of-pocket expenses, decreased access to essential treatments, and even detrimental health outcomes. Moreover, from Transparency International’s 2016 resource, we can see that such practices undermine the principles of equity, universality, and quality that underpin health systems across the globe.