Cost of running healthcare systems | Gofrixty | To look for a better health care system in a country for its public is one of the most important jobs of any government of a state or a sovereign country. The government provide a better healthcare system once they are well equipped with the available knowledge and the budget to cover the cost of running an efficient and effective health care system.
Governments are able to cover the costs of running their healthcare systems in three significant ways. These three ways include;
- Through taxes revenue (tax-based health financing system)
- Mandatory participation in highly regulated insurance plans
- From donor funding’s etc.
Developed countries don’t often face many problems in maintaining an efficient and effective health care system, it’s mainly because all three significant ways of generating the revenue to cover the costs of running their healthcare system are way transparent and efficient than the developing and third world countries. Because, for all three sources, one has to be equipped with a quality job or work that has a good profit and savings.
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Hence, there are three significant ways that help governments to be able to cover the costs of running their healthcare systems in their countries and these ways include revenue, insurance plans, and volunteer donors.
