Mobilizing Global Health Resources Will Require Strong Public Finance Systems, Additional Investments

Huffington Post: Mobilizing Resources to Finance Global Health Priorities
Ariel Pablos-Mendez, assistant administrator for global health and child and maternal survival coordinator at USAID

“On April 14 and 15 I had the pleasure to co-host, together with the World Bank, the first annual forum on Resource Mobilization for Universal Health Coverage. … Significant progress in global health during the last few decades has opened the possibility of closing the gap in life expectancy between rich and poor countries in the span of one generation, a grand convergence vision that is now enshrined in the [Sustainable Development Goals (SDGs)]. This trend, however requires additional investments equivalent to about $70 billion a year, according to the Lancet Commission on Investing in Health. The good news is that this level of investment in the health sector has the potential to yield economic returns of nine to 20 times its cost. Unfortunately, despite the high projected return on investment, development assistance for health remains stagnant. … Now that the notion of affordable and quality health care for all is enshrined in the Sustainable Development Goals of 2030, we need to think about how to pay for this and how best to strike a balance between efficiency and compassion” (4/27).