This dynamic article is based on the Statement by the UHC2030 Private Sector Constituency (hosted by the World Economic Forum) and outlines specific and effective steps that the private sector can take to help bring equitable access to quality healthcare for all by 2030.
“UHC is the overarching umbrella for the SDGs. We need to create the conditions for all actors to work together, with a particular mention of governments and private sector entities.”
Global health expenditures are rising but government funding has stalled and personal spending is filling the gap. A 2019 World Bank report, for example, found that people in developing countries, including the Caribbean, spend half a trillion US dollars (over $800 USD per person) annually on out-of-pocket payments.
Universal health coverage (UHC) is about ensuring that all individuals and communities have access to the healthcare they need. UHC does not mean healthcare is free, but that personal payments do not deter people from using health services, and that people are protected from ‘catastrophic health expenditure’, or spending more than 30 per cent of their household income on health…
Dessislava Dimitrova
Head of Healthcare Transformation, World Economic Forum 
