What Does Universal Health Coverage Mean?
Universal health coverage refers to the creation of an accessible health care system where a citizen of a state does not become economically destitute when in need of healthcare services. Its existence is the result of a state mandate.
Insuranceopedia Explains Universal Health Coverage
A state is only as good as its citizens. One can reword that by stating that a state is only as good as its health citizens. Productivity comes from good health. If the health of the citizens in the state is not in good shape, then the state isn’t as productive as it could be.
That explains why every country, developed or otherwise, is aiming for universal health coverage. In it, every citizen has access to inexpensive quality health care. That involves both health services (hospitalization, surgery, lab tests, etc.) and medications.
As of 2015, 400 million people do not have access to health care because they cannot afford it. Those who can often find themselves impoverished after spending for it. Universal health coverage might address these problems in the world. In the same year, more than 20 countries are adopting this form of health coverage, including countries without great wealth such as Nigeria and Ghana.