Health care financing refers to the methods and systems used to fund health care services. This includes various sources such as government programs, private insurance, and out-of-pocket payments by individuals. Effective financing is crucial for ensuring that people have access to necessary medical services without facing financial hardship.
In many countries, public health insurance programs like Medicaid play a vital role in providing coverage for low-income individuals and families. These programs help reduce the burden of medical costs and improve overall health outcomes by making essential services more accessible to those in need.