Bitcoin Can Fund High-Quality, Equitable, Healthcare For Everyone

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The Current Global Health Care System Is Broken

Over 6.2 million people have died of COVID-19-related deaths as of June 13, 2022. This is despite $8.9 trillion or 9.8% of global GDP spent on healthcare in 2019 worldwide.

More broadly, half the world lacks access to essential healthcare services. Furthermore, the current healthcare system leaves out the most vulnerable groups of people, leading to health disparities and inequities.

Health is a fundamental human right. It should be so for everyone.

Today, healthcare is delivered in one of two ways:

Insurance-based healthcare systems: Generally, economically strong countries have insurance-based healthcare systems that may or may not offer universal coverage. Furthermore, health disparities and inequities are widely prevalent even among the most well-covered groups of people. As an example, in the United States racial and ethnic minorities, economically weaker sections of the population, and people who live anywhere other than in large, fringe metropolitan counties continue to experience worse quality healthcare.

Out-of-pocket healthcare systems: Economically weaker countries usually have out-of-pocket healthcare systems. It is important to note that even in economies that have insurance-based healthcare systems, the most vulnerable group of people may still have to consume healthcare out-of-pocket. In the majority of the world where out-of-pocket systems are common, corruption, favoritism and lack of accountability is deep-rooted.



Source link Bitcoin Magazine

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