What is health financing?
Understand the Problem
The question is asking for a definition of health financing. This involves understanding how healthcare systems are funded, including the sources of funds and the mechanisms for allocating those funds to healthcare services.
Answer
Health financing is how money is raised and spent to ensure a health system can cover everyone's health needs.
Health financing encompasses raising and spending money to ensure a health system can adequately cover the health needs of every person, including mobilizing funds, pooling them, and using them to purchase health-care services.
Answer for screen readers
Health financing encompasses raising and spending money to ensure a health system can adequately cover the health needs of every person, including mobilizing funds, pooling them, and using them to purchase health-care services.
More Information
Health financing is a core function of health systems that can enable progress towards universal health coverage by improving effective service coverage.
Tips
A common mistake is to think of health financing as only relating to insurance, but it involves every aspect of how healthcare is funded.
Sources
- Health financing - World Health Organization (WHO) - who.int
- Financing - Health system performance assessment - NCBI Bookshelf - ncbi.nlm.nih.gov
- Healthcare Finance: An Overview - School of Public Health - publichealth.tulane.edu
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