Financing of the healthcare system in Colombia: Sources and uses
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The series Borradores de Economía (Working Papers on Economics) contributes to the dissemination and promotion of the work by researchers from the institution. On multiple occasions, these works have been the result of collaborative work with individuals from other national or international institutions. This series is indexed at Research Papers in Economics (RePEc). The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
Abstract
This study evaluates the financing mechanisms of the healthcare system, differentiating between resources of fiscal, parafiscal, and other origins used primarily to cover the costs of the contributory and subsidized health regimes. In recent years, the sector has faced financial and administrative problems that have increased the need for fiscal resources for its financing and that could affect its sustainability. Regarding the composition of the outflow, it is worth noting the cost of ensuring the contributory and subsidized regime, which on average explains 80% of the total system expenses during the period 2011-2022. Additionally, pressures derived from non-UPC spending, the Covid-19 pandemic, Venezuelan migration, and expenses derived from the Point Final Law are also explained.
26TH OF MARCH, 2024 - 
