FINANCING HEALTH
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Health financing refers to securing funds to pay for healthcare goods and services. Different countries have different health financing schemes, such as private payment, insurance, or government funding. The Philippines relies mainly on private and out-of-pocket payments, while the US and UK/Canada use private insurance/managed care and government funding respectively. Health expenditures in the Philippines have steadily increased over the past decade but remain below the WHO recommended 5% of GNP.
FINANCING HEALTH
- 2. Finding a way to pay for something. Health financing A way to secure money to pay for the goods and services that will maintain and/or improve our health Different countries follow different health financing scheme
- 3. Philippines Mainly in private and out-of-pocket US Private, insurance and managed care (HMO) UK and Canada Government
- 4. Representsall money being spent for all health goods and services-both public and private Constantly increase over the past 10 yrs 1991 = P35.9B 1997 = P87.9B 2002 = P115.4B 2003 = P136B Representsan average of 15% increase in expenditures per year.
- 5. WHO recommends developing countries to spend about 5% of its GNP. Phil= spent only as high as 3.44% of GNP in 1997 In 2003 = 2.9% in GNP
- 6. South Korea and New Zealand spend above the WHO recommended rate of 5% Hong Kong = near 5% Philippines and Thailand = less5% In 2001 lowest percentage spent for health 3.20%
- 7. 76%of all health expenditure are used for personal health. PersonalHealth goods and services are those goods and services which manifest effects only on the person utilizing healthcare Surgery rehab health Hospitalization dental service
- 8. PublicHealth programs are endeavors which will have effects on many sectors of a population. Immunization Anti-smoking campaign Pollution control Maternal and child health programs 12% of the total health spending. (PHIL)