Health financing involves mobilization and collection of money, risk pooling and allocation of resources. A good Health financing policy is important for a health system to be run adequately. The health financing policy affects where money can be sourced and therefore resource availability, how health risks are pooled, which authorities can access and allocate the funds, and the equity of the sector funding this is especially important for those with low socioeconomic statues (Guimarães, Navarro and Lievens, 2012).
The provision of health care services is expensive. Burden of disease cause for there to be a large influx of patients into the health system. There more patients there are the more money the health system needs to provide sufficient care. This disparity is further worsened when a country has multiple burdens of disease for example South Africa's Quadruple burden of diseases. These multiple burden of disease each require the government to implement strategies to curb spread and provide curative and rehabilitative care. This is expensive and if the government cannot afford to fund multiple strategies the burden of disease will increase.
Every fiscal year there is a finite amount of money that can be sourced and accessed and allocated by authorities. The increase in the amount of money spent on burden of disease disrupts the reinvestment of money towards the improvement of the existing health system. This could lead to the slow deterioration of the health system and, due to the inadequate services, the burden of disease increasing.
Reference List
Guimarães, L., Navarro, S. and Lievens, T. (2012). HEALTH FINANCING Trends in Sub-Saharan Africa. [online] Available at: https://www.cabri-sbo.org/uploads/files/Documents/Keynote-paper-on-Health-Financing_Trends-in-SSA.pdf [Accessed 11 Jun. 2024].