- Focus Areas
- About Us
In many low- and middle-income countries around the world, more than half of all health spending is made up of out-of-pocket payments from consumers to providers of widely varying quality. In Sub-Saharan Africa and South Asia, the poor use the private sector just as much as the rich. Appropriate care is often expensive and pushes people further into poverty. According to the World Health Organization, each year, 150 million people globally face severe financial hardship, 100 million are forced into poverty, and many forgo or delay care because they lack financial resources.
When well monitored and regulated, health markets can be a source of creative new approaches with the potential to achieve greater efficiencies, improved quality, and increased access to care for underserved populations. Governments, non-governmental organizations (NGOs), social entrepreneurs, and private companies are implementing innovative programs and policies with the potential to improve health markets for the poor. Many of these health market innovations—often with potential to be expanded and replicated to serve more people—are not well known globally. There is a opportunity to adapt these innovative solutions across borders.
For more information, visit http://healthmarketinnovations.org/.