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Walden University

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Running head: SOCIOECONOMIC STATUS INFLUENCE ON HEALTH FUNDING 1

Socioeconomic Status Influence on Health Funding

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SOCIOECONOMIC STATUS INFLUENCE ON HEALTH FUNDING 2

Socioeconomic Status Influence on Health Funding

Health financing is a crucial strategy in development within a community in raising

resources and ways of managing the resources. It is critical to emphasize the need to assess

the distribution impact of policies and programs in the healthcare sector. Socioeconomic

status influences public health financing: people with insurance or money result to lower

expenses in health organizations while the underserved populations result in high

expenditures in the healthcare sector. The medically underserved population is uninsured

or underinsured, creating higher expenses in the health system (Bauerly et al., 2020). They

result in higher expenses than the adequately insured population since they enter the health

systems at the advanced stages of the diseases.

Socioeconomic status influences the distribution of health resources in various

aspects. For instance, the population’s physical environment, lifestyle, working conditions,

social network, family, and cultural factors vary within the community. The variance of

these factors within the community results in gaps in healthcare. Government and health

agencies use these gaps to determine the amount of resource allocation to the community

(Singu et al., 2020). Since resources are scarce, socioeconomic data should be analyzed

critically to monitor the health needs in the society and hence allocate funds appropriately.

Moreover, health disparities are attributed to factors such as discrimination in

socio-demographic aspects. These factors include socioeconomic status, insurance needs,

and clinical needs. Even when racial and ethnic injustices are minimized in the health

systems, it is evident that socioeconomic disparities control the funding in public health

requirements for the underserved populations (Bauerly et al., 2020). As such, achieving

health goals remains to be a challenge for the public health initiatives,

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Running head: SOCIOECONOMIC STATUS INFLUENCE ON HEALTH FUNDING Socioeconomic Status Influence on Health Funding Name Institutional Affiliation Course Professor’s Name Due Date 1 SOCIOECONOMIC STATUS INFLUENCE ON HEALTH FUNDING Socioeconomic Status Influence on Health Funding Health financing is a crucial strategy in development within a community in raising resources and ways of managing the resources. It is critical to emphasize the need to assess the distribution impact of policies and programs in the healthcare sector. Socioeconomic status influences public health financing: people with insurance or money result to lower expenses in health organizations while the underserved populations result in high expenditures in the healthcare sector. The medically underserved population is uninsured or underinsured, creating higher expenses in the health system (Bauerly et al., 2020). They result in higher expenses than the adequately insured population since they enter the health systems at the advanced stages of the diseases. Socioeconomic status influences the distribution of health resources in various aspects. For instance, the population’s physical environment, lifestyle, wor ...
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Tags: public health socioeconomic status insurance needs health financing fund allocation