Investment in Health Care and Its Impact on Poverty Reduction
DOI:
https://doi.org/10.47941/ijdcs.2167Keywords:
Health Care Investment, Poverty Reduction, Economic Productivity, Accessibility, Affordability, Preventive CareAbstract
Purpose: The general objective of this study was to explore investment in health care and its impact on poverty reduction.
Methodology: The study adopted a desktop research methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library.
Findings: The findings reveal that there exists a contextual and methodological gap relating to investment in health care and its impact on poverty reduction. Preliminary empirical review revealed that investments in health care significantly contributed to poverty reduction by improving overall health and economic productivity. Healthier individuals were more capable of pursuing education and employment, creating a positive cycle of health and economic growth. The study emphasized the importance of health care accessibility and affordability, noting that targeted investments addressing health disparities and providing preventive care were essential. It highlighted the need for a holistic approach to health care that includes preventive measures, primary care, and addressing social determinants of health to sustain poverty reduction efforts.
Unique Contribution to Theory, Practice and Policy: The Human Capital Theory, Capability Approach and Structural Functionalism may be used to anchor future studies on health care and its impact on poverty reduction. The study recommended that policymakers adopt a comprehensive approach to health care investment, ensuring strategic targeting of funds to address pressing health needs. It suggested that health care systems prioritize accessibility and affordability, expand infrastructure in underserved areas, and implement inclusive health insurance schemes. The study advocated for increased government commitment to equitable health care funding and the integration of health services with other social support programs. It also called for international cooperation to strengthen health care systems in developing countries and emphasized recognizing health care investment as a strategic economic priority to mobilize resources and political support for sustainable development.
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