A New Golden Age? Proposal for an Innovative Global Health Funding Mechanism for Middle‐Income Countries
Abstract Despite economic growth and increased global commitment to health financing in the past decades, the health needs of some of the world's most vulnerable people remain overlooked. In particular, middle‐income countries (MICs) often face the conundrum of receiving reduced development ass...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Wiley
2017-10-01
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| Series: | Global Challenges |
| Online Access: | https://doi.org/10.1002/gch2.201700015 |
| _version_ | 1797743692177473536 |
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| author | Claire Chaumont Jenny Hsi Christine Bohne Sana Mostaghim Suerie Moon |
| author_facet | Claire Chaumont Jenny Hsi Christine Bohne Sana Mostaghim Suerie Moon |
| author_sort | Claire Chaumont |
| collection | DOAJ |
| description | Abstract Despite economic growth and increased global commitment to health financing in the past decades, the health needs of some of the world's most vulnerable people remain overlooked. In particular, middle‐income countries (MICs) often face the conundrum of receiving reduced development assistance for health (DAH) while still being home to most of the world's poor and the majority of the global burden. We believe that this reflects shortcomings in the global DAH system's architecture, which operate on principles that do not respond well to current realities. Hence, we propose a novel mechanism for international health financing and action that specifically addresses the newly emerged strengths and needs of MICs. The Incentives for Health (I4H) Alliance will offer MICs flexible incentives in exchange for their making and meeting health‐related commitments in their countries. Countries can set their own health targets, in alignment with the existing Sustainable Development Goals' framework, and those that achieve them will be subsequently rewarded with financial or other incentives, which are not restricted to the health sector. We believe that the I4H Alliance will promote greater MIC involvement towards global health financing both as incentive providers and recipients; encourage collaboration between Ministries of Health and Finance; and provide a needed complement to traditional DAH mechanisms. We advocate for the creation of I4H at a MICs‐oriented financing institution such as the New Development Bank. We intend I4H to spark new thinking around innovative health financing approaches to ensure that the “golden age” of global health remains ahead. |
| first_indexed | 2024-03-12T14:59:05Z |
| format | Article |
| id | doaj.art-0009c0a0547840e8bd73a2e7984e605e |
| institution | Directory Open Access Journal |
| issn | 2056-6646 |
| language | English |
| last_indexed | 2024-03-12T14:59:05Z |
| publishDate | 2017-10-01 |
| publisher | Wiley |
| record_format | Article |
| series | Global Challenges |
| spelling | doaj.art-0009c0a0547840e8bd73a2e7984e605e2023-08-14T09:40:33ZengWileyGlobal Challenges2056-66462017-10-0117n/an/a10.1002/gch2.201700015A New Golden Age? Proposal for an Innovative Global Health Funding Mechanism for Middle‐Income CountriesClaire Chaumont0Jenny Hsi1Christine Bohne2Sana Mostaghim3Suerie Moon4Harvard T.H. Chan School of Public Health Harvard University 677 Huntington Ave Boston MA 02115 USAHarvard T.H. Chan School of Public Health Harvard University 677 Huntington Ave Boston MA 02115 USAHarvard T.H. Chan School of Public Health Harvard University 677 Huntington Ave Boston MA 02115 USAHarvard T.H. Chan School of Public Health Harvard University 677 Huntington Ave Boston MA 02115 USAHarvard T.H. Chan School of Public Health Harvard University 677 Huntington Ave Boston MA 02115 USAAbstract Despite economic growth and increased global commitment to health financing in the past decades, the health needs of some of the world's most vulnerable people remain overlooked. In particular, middle‐income countries (MICs) often face the conundrum of receiving reduced development assistance for health (DAH) while still being home to most of the world's poor and the majority of the global burden. We believe that this reflects shortcomings in the global DAH system's architecture, which operate on principles that do not respond well to current realities. Hence, we propose a novel mechanism for international health financing and action that specifically addresses the newly emerged strengths and needs of MICs. The Incentives for Health (I4H) Alliance will offer MICs flexible incentives in exchange for their making and meeting health‐related commitments in their countries. Countries can set their own health targets, in alignment with the existing Sustainable Development Goals' framework, and those that achieve them will be subsequently rewarded with financial or other incentives, which are not restricted to the health sector. We believe that the I4H Alliance will promote greater MIC involvement towards global health financing both as incentive providers and recipients; encourage collaboration between Ministries of Health and Finance; and provide a needed complement to traditional DAH mechanisms. We advocate for the creation of I4H at a MICs‐oriented financing institution such as the New Development Bank. We intend I4H to spark new thinking around innovative health financing approaches to ensure that the “golden age” of global health remains ahead.https://doi.org/10.1002/gch2.201700015 |
| spellingShingle | Claire Chaumont Jenny Hsi Christine Bohne Sana Mostaghim Suerie Moon A New Golden Age? Proposal for an Innovative Global Health Funding Mechanism for Middle‐Income Countries Global Challenges |
| title | A New Golden Age? Proposal for an Innovative Global Health Funding Mechanism for Middle‐Income Countries |
| title_full | A New Golden Age? Proposal for an Innovative Global Health Funding Mechanism for Middle‐Income Countries |
| title_fullStr | A New Golden Age? Proposal for an Innovative Global Health Funding Mechanism for Middle‐Income Countries |
| title_full_unstemmed | A New Golden Age? Proposal for an Innovative Global Health Funding Mechanism for Middle‐Income Countries |
| title_short | A New Golden Age? Proposal for an Innovative Global Health Funding Mechanism for Middle‐Income Countries |
| title_sort | new golden age proposal for an innovative global health funding mechanism for middle income countries |
| url | https://doi.org/10.1002/gch2.201700015 |
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