Health expenditures have increased over the past decades and, therefore, healthcare has been considered an economic burden. At WifOR, we are fostering a shift of the political decision maker’s view away from looking at healthcare from a cost perspective and towards a new perception of health.
Our Health Economy Reporting (HER) provides a structured approach for governments, the private sector, and the general public stakeholders to better understand the size, impact, and importance of the health economy. Acknowledged by the High-Level Commission on Health Employment and Economic Growth (World Health Organization 2016), HER is a very useful tool for advocacy and capacity building. It enables an evidence-based health policy that can steer and guide investments for health, employment and sustainable growth.
Our studies quantify the Health Economy in a new way and show the sector’s significant contribution to economic prosperity and employment along the value chain of care. What is more, due to its structure, the Health Economy is a stabilizing pillar for economies in times of economic crises. For instance, the sector’s contribution to Germany’s economic performance increased significantly during the global financial and economic crisis in 2009.