The Economics of Public Healthcare Provision: Evaluating the Efficiency of Health Insurance Programs

Abstract

Systems of public healthcare are crucial for advancing fairness and enhancing the health of society. A key component of many public healthcare models, health insurance plans seek to improve access to medical treatment, lower inequities, and remove financial obstacles. Their effectiveness is still a major problem, however, and is affected by a number of variables, including cost control, resource allocation, and service delivery quality. With an emphasis on the effectiveness of health insurance schemes, this study assesses the financial effects of providing public healthcare. Through the examination of factual data, assessment frameworks, and international case studies, it finds systemic inefficiencies and best practices in current models. In order to optimise program design for sustainable and equitable healthcare delivery, the research looks at trade-offs between cost reduction and healthcare accessibility. The results are intended to educate stakeholders and policymakers in order to support the creation of strong health insurance systems that strike a balance between public health goals and financial limitations.