Side Meetings

SMB202

Health Taxes and Sustainable Financing for Transforming Health Systems and Investing in Long-term Care for Ageing Asia

26
Jan

  • 08:30 - 12:30 HRS. (BKK)

  • Contact Person : Kyi Thar, kthar.consultant@adb.org

Organizers
  • Asian Development Bank
  • World Health Organization
  • United Nations Development Programme
  • Japan International Cooperation Agency
  • Thai Health Promotion Foundiation

Increased longevity, migration, and urbanization are creating a growing need for long-term care and support for older adults in Asia and the Pacific. Changes in population structure, such as an aging population or a rise in NCDs, are a primary driver of increased healthcare costs. This highlights the urgent need for sustainable financing mechanisms, such as health taxes and investment in aging with affordable and integrated health and social services.

Health taxes are a tool used to transform a country's health system. They provide a reliable funding stream for Universal Health Coverage (UHC), shifting the system's focus from a reliance on curative care to a stronger emphasis on preventive health. This transformation is necessary to meet the challenges posed by changing demographics and the rising burden of NCDs.

As more individuals prefer to age in place, developing home and community-based long-term care services is becoming an urgent policy priority. Therefore, sharing experiences across Asia and the Pacific, focusing on effective and affordable integrated health and social service models which promote healthy aging and improve the quality of life for seniors and their families.

  • Explain the importance of sustainable financing in health system transition by addressing current challenges, country experiences, and possible solutions.
  • Discuss details about the power of health tax and best practices to leverage domestic financing, especially for developing countries in the region.
  • Address the health system needs for the aging population and identify priority policies, investments, and innovative solutions for sustainable financing for healthy aging and socio-economic development.
  • Bring developing countries, development partners, and academic institutions together to share their experiences, challenges, best practices, and innovations with each other on specific topics