Overview
Health financing is a critical component of healthcare systems, aiming to ensure that all individuals can access necessary health services without facing financial hardship. It involves various methods, including public funding, private insurance, and out-of-pocket payments, each with its own advant...
Key Terms
Example: Countries like Canada provide universal coverage to their citizens.
Example: Many people purchase health insurance to cover hospital expenses.
Example: Public hospitals are funded through taxpayer money.
Example: Patients may pay out-of-pocket for medications not covered by insurance.
Example: Health insurance plans pool premiums from members to cover costs.
Example: Some countries use both taxes and private insurance to fund health services.