What is it about?
Looks at the financial risk associated with the health care of a defined population. This risk is very high due to chance and the impact of the environment on human health.
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Why is it important?
The risk is far higher than has been previously assumed. Primary Care Organisations in England have been misled regarding g this risk.
Perspectives
Part of an extended series investigating the VERY high financial risk associated with health care costs, see http://www.hcaf.biz/2010/Publications_Full.pdf Successive governments have seemingly omitted to raise this issue. A 4-Part series in Journal of Health Care Finance has updated concepts in this area winter 2021, http://www.healthfinancejournal.com/~junland/index.php/johcf/index
Dr Rodney P Jones
Healthcare Analysis & Forecasting
Read the Original
This page is a summary of: The actuarial basis for financial risk in practice-based commissioning and implications to managing budgets, Primary Health Care Research & Development, June 2009, Cambridge University Press, DOI: 10.1017/s1463423609990089.
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