Question

What is meant by healthcare financing in its broad sense? What impact does financing have on the healthcare delivery system? In broad terms, financing includes the concepts of financing, insurance, and payment. In basic terms, financing enables people to obtain health insurance. The payment function determines reimbursement and undertakes the actual payment for services received by the insured.

Answer 1

In broad terms, financing includes the concepts of financing, insurance, and payment. In basic terms, financing enables people to obtain health insurance. The payment function determines reimbursement and undertakes the actual payment for services received by the insured. The key impact of financing is in determining access to health care services. Thus, the demand for health care is directly related to its financing. Financing also influences supply-side factors, such as how much health care is produced. Financing eventually affects the total healthcare expenditures incurred by a health delivery system.

health care financing, in its broad sense, deals with the concepts of financing, insurance, and payment.
The key impact of financing on the health care delivery system involves determining the access to health care services.