Healthcare financing

Healthcare financing refers to how money for health services is gathered and spent. It includes various systems, such as government programs (like Medicare and Medicaid), private health insurance, and out-of-pocket payments by individuals. The goal is to ensure people can access necessary medical care without facing prohibitive costs. Different countries have different approaches; some use universal healthcare funded by taxes, while others rely more on private insurance. Effective healthcare financing aims to balance accessibility, quality of care, and cost management to support the overall health of the population.