Ch 9.docx

10 Pages
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Department
Economics
Course Code
ECO440H5
Professor
Multiple Professors

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Description
Ch 9 The changing world of health care financecommunity financing collective action of local communities to finance health services through pooling out of pocket payments that include a variety of payment methods such as cash inkind and partial or delayed paymentfinancial intermediary an collecting money to pay providers on behalf of patientsfund poolingthe collection of funds that can be used for financing a given populations health care so that contributors to the pool share risksoutofpocket direct payment payment made by a patient directly to a providerover the counter OTC drugs non prescription drugs purchased from pharmacists and retailerspurchasing the process of allocating funds to the providers of health careregulation government intervention enforcing rules and standardsrevenue collection the raising of funds either directly from individuals seeking health care or indirectly through governments or donorsuniversal coverage extension of health services to the whole population so that they have access to good quality services according needs and preferences regardless of income level social status or residencyunofficial payments spending in excess of official fees also called under the table or envelope paymentsHealth system financinghealth system financing is the process by which revenues are collected from primary and secondary sources accumulated in find pools and allocated to provider activitesWithin the financing function of the health system there are 3 main activities revenue collection refers to the raising of funds either directly from individuals seeking health care or indirectly through governments or donorsFund pooling refers to the collection of fund that can be sued for financing a given populations health care so that contributors to the pool share riskspurchasing is the process of allocating funds to the providers of health careultimately whether through outofpocket payments taxation or health insurance financing for the health system originates from householdsin a most basic way therefore health care financing repsresents a flow of funds from patients to health care providers in exchange for servicesAs fig 92 shows there are 2 ways of paying for health services1 outofpocket payments this is the simplest form of transaction between patient and provider
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