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Financing for Health as an Investment

Edited by:
Mihajlo Jakovljevic: Hosei University, Japan
Stavros Petrou: University of Oxford, UK

Submission Status: Open   |   Submission Deadline: 31 July 2024

BMC Cost Effectiveness and Resource Allocation is calling for submissions to our Collection on Financing for Health as an Investment.

This Collection supports and amplifies research related to SDG 3 - Good Health and Well-being, SDG 16 - Peace, Justice and Strong Institutions, and SDG 17 - Partnership for the Goals.

About the Collection

The WHO Council on the Economics of Health for All has recently published its landmark report charts route for reorienting economies to deliver health for all. Contemporary structure of most national economies is yielding poor, unequal health outcomes by design. Amongst the leading UN multilateral agencies, there is a growing perception that Health must be seen as a long-term investment, not as a short-term cost. It appears that solid body of seminal evidence confirms that opportunity costs of inaction – not investing in health – exceeds many times the cost of action. By avoiding healthcare investing of a scale, national health systems end up spending more on all the socioeconomic boomerang effects resulting from an unhealthy population. Michael Grossman’s postulate of “human capital” – as an input or by-product of economic growth, theoretically introduced 1972, is one of the many facets of this challenge. Mainstream economics mostly considers the purpose of investing in health to be an increase of GDP and overall economic productivity. The new WHO paradigm shift suggests that Health for All must be the ultimate goal of economic activity. This would mean a fundamental change of how value in health and wellbeing are produced and distributed across society. In real-world circumstances such effort relies on evolving perception of financing for health from an expenditure to an investment. Healthcare reimbursement authorities and Health Technology Agencies worldwide continue to focus on maximizing value for money within a given health budget through narrowly understood efficiency gains. Proposed broadened WHO approach could open up new opportunities towards creating national economies designed to deliver Health for All. This complex cascade of health policy challenges alongside ongoing legislative evolution is shared by wealthy OECD societies and LMICs nations of the Global South alike. We would welcome an array of original research studies, reviews, perspective pieces from all involved parties revealing the hidden obstacles and opportunities of Health for All concept applied to regional and national health systems in years to come.

  1. Alzheimer’s disease (AD), breast cancer (BC) and prostate cancer (PC) continue to be high in the research and innovation agenda of the European Commission (EC). This is due to their exceptionally large burden ...

    Authors: Mihajlo Jakovljevic, Pierre Deceuninck, Francesca Pistollato, Evangelos Daskalopoulos, Camilla Bernasconi, Florabela Carausu, Matilde Rosa, Artemis Progri, Martina Makarieva and Kristijan Krstic
    Citation: Cost Effectiveness and Resource Allocation 2024 22:51
  2. The rising older adult population has led to an increase in the prevalence of chronic diseases and medical expenses. Women tend to have a longer healthy life expectancy than men and are more likely to be expos...

    Authors: Sewon Park, Seokmin Ji, Hyunseo Lee, Hangseok Choi, Mankyu Choi, Munjae Lee and Mihajlo Jakovljevic
    Citation: Cost Effectiveness and Resource Allocation 2024 22:45

    The Correction to this article has been published in Cost Effectiveness and Resource Allocation 2024 22:52

  3. In China, the healthcare financing structure involves multiple parties, including the government, society and individuals. Medicare Fund is an important way for the Government and society to reduce the burden ...

    Authors: Wenqing Wu, Shujie Long, Arcadio A. Cerda, Leidy Y. Garcia and Mihajlo Jakovljevic
    Citation: Cost Effectiveness and Resource Allocation 2023 21:97

Submission Guidelines

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This Collection welcomes submission an array of original research studies, reviews, perspective pieces.

Should you wish to submit a different article type, please read our submission guidelines to confirm that type is accepted by the journal. Articles for this Collection should be submitted via our submission system, Snapp. During the submission process you will be asked whether you are submitting to a Collection, please select "Financing for Health as an Investment" from the dropdown menu.

Articles will undergo the journal’s standard peer-review process and are subject to all of the journal’s standard policies. Articles will be added to the Collection as they are published.

The Editors have no competing interests with the submissions which they handle through the peer-review process. The peer-review of any submissions for which the Editors have competing interests is handled by another Editorial Board Member who has no competing interests.