Financial Sustainability In Costa Rica

Costa Rica can be considered a beautiful tropical paradise that is suffering from a lack of financial sustainability with their universal health coverage. The current failing system is a major contribution to the increasing financial crisis of the country. The overwhelming amount of new immigrants whom are utilizing financial resources, but are not contributing to the growth of the economy are a major contributing factor. As a result of the current financial troubles, we will divulge into key issues that are affecting the healthcare system, which first begins with financial stability. One of the key functions of achieving sustainability within a healthcare system of a country or organization is the financial component. Costa Rica’s current …show more content…
Every individual would receive the same amount, and it would be applied to individuals with disabilities as well. To better achieve the accuracy of the financial improvement strategy, I would suggest the utilization of scorecards. The scorecards will provide clear measurements and set objectives on where they are now financially, and what they will need to achieve for optimum cost efficiency (NHS, …show more content…
The expenditures paid within the country should be invested in areas that will impact those who have the greatest needs within the population. In Costa Rica 70% of social expenditures are focused on non-poverty related initiatives, which do not satisfy the basic social needs of the poor (Worldbank, 2015). In order to sustain a social welfare program that safeguards the most vulnerable segments of the population, it must reassess its expenditures in areas, which will provide the greatest impact. Shifting expenditures will be key in reaching both the urban and rural poor of Costa Rica. In order to reduce the dependency on social welfare programs, investments in strategies which focus on education and literacy programs are critical to the preparation of individuals who seek placement into skilled labor positions. Another area which can mitigate cost within social security is in the reduction of unnecessary visits to health services facilities. Educating the community on the dangers of malnutrition, communicable disease, and non-communicable disease. Information as to what social service programs are available to help address the needs of the population can be addressed through these community meetings. Investments in these areas can help to stave off the costliness of future ailments by educating the population on issues