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What is Risk Pooling

Handbook of Research on Quality and Competitiveness in the Healthcare Services Sector
It describes a risk management strategy whereby a group of people whose medical expenses are put together so as to compute premiums.
Published in Chapter:
Health Financing Challenges Towards Accomplishment of Sustainable Development Goals
Mufaro Dzingirai (Midlands State University, Zimbabwe)
DOI: 10.4018/978-1-6684-8103-5.ch004
Abstract
Health financing has increasingly become a much-debated concept when it comes to ensuring a healthy nation in recent years. Surprisingly, health financing towards attaining sustainable development has been given scant attention in the development discourse. As such, this calls for extending our understanding of health financing in the context of African countries, especially in the unique context of Zimbabwe. Given this information, this chapter focuses on the health financing challenges. Six health financing challenges were ascertained, that is, fragile economy; corruption; unanticipated health shocks; budget constraints; poor political commitment towards public health; and high-out-of-pocket payments. In order to deal with these serious health financing challenges, a plethora of recommendations were offered herein. The research outcomes of this study could help policymakers and practitioners.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
Defense Supply Chain Operations: Analytical Architectures for Enterprise Transformation
The term has traditionally been used to describe the pooling of similar risks that underlies the concept of insurance. Now also an important supply chain management concept, risk pooling reduces variability by aggregating demand across customer locations thereby reducing safety stock and inventory across the enterprise.
Full Text Chapter Download: US $37.50 Add to Cart
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