Investing in health systems to protect society and boost the economy: Priority investments and order-of-magnitude cost estimates (abridged version)

COVID-19 is the most significant public health emergency in more than a century, caused a global economic crisis, and has long-term repercussions across society. This unprecedented crisis has highlighted the urgent need for smart investments to strengthen health system resilience. There is a need to...

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Bibliographic Details
Corporate Author: Organisation for Economic Co-operation and Development
Format: eBook
Language:English
Published: Paris OECD Publishing 2022
Series:OECD Policy Responses to Coronavirus (COVID-19)
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
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520 |a COVID-19 is the most significant public health emergency in more than a century, caused a global economic crisis, and has long-term repercussions across society. This unprecedented crisis has highlighted the urgent need for smart investments to strengthen health system resilience. There is a need to protect people's underlying health; fortify the foundations of health systems; and bolster health professionals working on the frontline. This report identifies a set of priority investment areas needed to strengthen health system resilience. It then produces order-of-magnitude estimates of the expected costs of such investments, drawing extensively from existing OECD data and analytical studies. These priority investments represent an estimated 1.4% of GDP, on average across OECD countries (and ranging from 0.6-2.5%), as compared with pre-pandemic expenditure of 8.8%. A combination of targeted spending and measures to reduce wasteful spending could mitigate the overall increases in health spending in the medium to long term