A critical aspect of NCD financing is the availability of evidence on how the money is spent. This evidence is crucial to communicating the urgent need to address this problem, fostering evidence-based policy formulations, and reducing the heavy burden of NCDs in the Region of the Americas. However, there is a critical shortage of available evidence on NCD financing. To overcome this problem, investment case methodologies have been developed to provide evidence-based analysis in NCD financing.
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The growing burden of non-communicable diseases is putting immense pressure on health systems and economies around the world. NCDs cause a substantial proportion of premature death in low and middle-income countries. NCDs are a major source of economic loss and require expensive interventions. These diseases are not only a significant financial burden for health systems but also have indirect economic costs associated with lost productivity and economic growth. By 2030, NCDs are expected to cost the world an estimated $470 billion. However, this amount could be reduced if action is taken today Newsgallery.
The study found that NCDs increase the likelihood of people falling into poverty. While a higher share of household expenditure is accounted for by out-of-pocket expenses, the costs of hospitalization, diagnostics, and medications are still large. The economic costs of care should be considered in a wider context, considering the affordability of health services. The quality and efficiency of care are critical and ensuring good outcomes from the money spent is critical to achieving this goal.
