• Salma Begum

To provide and finance health care for more than 1.22 billion population is one of the greatest challenges that India is facing. This paper presents the evidence based experience of Rwanda, Mexico, Singapore and also India on implementing cost effective innovations in health care financing which has been very successful in improving effectiveness and sustainability of health services in these countries. It also includes some recent innovation in health financing and some recommendation given by experts in improving India’s health care system. The objective of the study is to examine the benefits of the programs implemented in the aforesaid countries and the scope of implementing that kind of innovative method of financing in India which would help our country to face the challenges of health inequality, inadequate availability, unequal access, poor quality and costly health care services. The methodology used in this study is descriptive positive study. Thorough literature review has been done to analyze the success stories of the selected countries in having implemented the innovative method of financing in health. Again some of the successful schemes implemented in India have also been examined to view the future prospects of strengthening our health care by introducing more innovative method of financing. The study concludes that India though has introduced innovation in health care financing yet it needs a major boost from the government. Governments can contribute to the effectiveness and sustainability of community health financing schemes for rural, informal sector and poor populations through key policies involving the following: increased and well-targeted subsidies boosting the health insurance contributions of low- income populations; insurance for protection against fluctuations in expenditure; technical support to strengthen the management capacity of local schemes; and the establishment and strengthening public private partnership in providing better health facility to the poorer section of the society.

Health financing, innovation in health expenditure

"Health Financing-Innovation is the Key", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 11, page no.664-673, November-2018, Available :http://www.jetir.org/papers/JETIR1811597.pdf

"Health Financing-Innovation is the Key", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 11, page no. pp664-673, November-2018, Available at : http://www.jetir.org/papers/JETIR1811597.pdf