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Valuing Health for All: Rethinking and Building a Whole-of-society Approach

Authors: The WHO Council on the Economics of Health for All
Source: World Health Organization
Year: 2022

What would it take to create economies that served these objectives rather than profit for a few? How can we create metrics that reflect what is ultimately of value? Rethinking value is the critical first step. For these new metrics to embed saner perspectives into policymaking, we also need to reform strategic finance, legal and economic levers across public, private and third sectors. This means broadening the tax base, introducing taxation that is more progressive, increasing financial literacy, enhancing financial inclusion, strengthening public sector capacity in building equitable financial architectures, and eliminating financial obstacles in relation to access to health services. Reshaping and redirection of the economy based on these values, guided by new metrics, is another step. In this brief, the Council proposes a framework for building up an economy for health, highlighting finance and economic levers as well as those addressing social determinants of health and health systems.

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