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HomeHomework HelpeconomicsUniversal Health Coverage

Universal Health Coverage

The economic implications of universal health coverage refer to the financial effects and outcomes that arise from implementing a system where all individuals have access to necessary health services without suffering financial hardship. This concept encompasses the analysis of costs, resource allocation, and potential impacts on public health and productivity within a society.

intermediate
3 hours
Economics
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Overview

Universal Health Coverage (UHC) is a vital component of modern economies, ensuring that all individuals have access to necessary health services without facing financial hardship. By promoting equity in healthcare, UHC aims to improve health outcomes and contribute to economic growth. Countries that...

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Key Terms

Universal Health Coverage
A health care system that provides health services to all individuals without financial hardship.

Example: Countries like Canada and the UK have UHC systems.

Equity
Fairness in access to health services and resources.

Example: Equity ensures that low-income families receive the same health services as wealthier families.

Public Goods
Goods that are non-excludable and non-rivalrous, such as healthcare.

Example: Vaccination programs are considered public goods.

Market Failure
A situation where the allocation of goods and services is not efficient.

Example: Healthcare can be a market failure due to information asymmetry.

Preventive Care
Healthcare services that prevent illnesses before they occur.

Example: Regular check-ups and vaccinations are forms of preventive care.

Health Outcomes
The results of healthcare services on the health status of individuals.

Example: Improved health outcomes can be seen in populations with access to UHC.

Related Topics

Health Economics
The study of how health resources are allocated and the economic implications of health policies.
intermediate
Public Health Policy
The development and implementation of policies aimed at improving public health.
intermediate
Global Health Initiatives
Programs and policies aimed at improving health outcomes on a global scale.
advanced

Key Concepts

Access to healthcareFinancial protectionHealth outcomesEconomic impact