The World Health Organization has announced a new Council on the Economics of Health for All, staffed by leading economists and health experts, to put “Health for All” at the centre of how we think about value creation and economic growth.
“The COVID-19 pandemic has demonstrated the consequences of chronic under-investment in public health. But we don’t just need more investment; we must also rethink how we value health,” said WHO Director-General Dr Tedros Adhanom Ghebreyesus, as he made the announcement on the final day of the resumed 73rd World Health Assembly on Friday.
Chaired by noted economist Professor Mazzucato, Professor of the Economics of Innovation and Public Value and Founding Director in the Institute for Innovation and Public Purpose at University College London, the Council will aim to create a body of work that sees investment in local and global health systems as an investment in the future, not as a short-term cost. Designing such investments makes our economies more healthy, inclusive and sustainable.
The COVID-19 pandemic, with 52 million reported cases and 1.3 million deaths, has shown the dire consequences of chronic under-investment in health on the global economy and on the lives and livelihoods of billions worldwide.
Over the past year, the pandemic has ignited a socio-economic crisis like no other; a crisis that has undermined global stability and solidarity. It has stressed how interdependent health and the economy are and served as a reminder that health is a human right.
“We are living through multiple crises: economic, climate and health related. If we continue to patch up the system each time, we will always be one step behind. I am thrilled to work closely with Dr Tedros on a proactive Health for All economic agenda, to shape our economies so they truly have wellbeing and inclusion at the centre of how we create value, measure it and distribute it,” Mazzucato said.
Returning to the status quo following the pandemic will not be enough – we need an innovation-led transformation of our health systems to achieve economic well-being everywhere.
“The time has come for a new narrative that sees health not as a cost, but an investment that is the foundation of productive, resilient and stable economies,” Dr Tedros said.
The Council on the Economics of Health For All is expected to hold its first virtual session in the coming weeks, to discuss its work plan and mode of operation. The Council will produce thought leadership for implementing change, and help to inform the piloting of initiatives at country level.
13 November 2020 News release Geneva
- Effects of age on non-communicable disease risk factors among Nepalese adults
- BRAC JPGSPH TDR Postgraduate Scholarship in Implementation Research
- World No Tobacco Day: “We need food,not tobacco
- Awards for outstanding contributions to public health presented during the Seventy-sixth World Health Assembly
- DHS eLearning Survey Sampling Training Course 2023
Thanks for visiting us.
Disclaimer: The resources, documents, guidelines, and information on this blog have been collected from various sources and are intended for informational purposes only. Information published on or through this website and affiliated social media channels does not represent the intention, plan, or strategies of an organization that the initiator associated with in professional or personal capacity, unless explicitly indicated.
If you have any complaints, information, or suggestions about the content published on Public Health Update, please feel free to contact at firstname.lastname@example.org.
Comments are closed.