COVID-19 puts emerging market health resilience in spotlight

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<title>COVID-19 puts emerging market health resilience in spotlight</title>
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<namePart>Casanova Aizpún, Fernando</namePart>
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<namePart>Wang, Viola </namePart>
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<dateIssued>2020</dateIssued>
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<abstract displayLabel="Summary">The COVID-19 experience has exposed emerging markets' enduring challenge of insufficient health infrastructure. Public health spend undershoots the World Health Organization's (WHO) target of 5% of GDP, while out-of-pocket expenditure represents more than 40% of all healthcare spending, leaving households vulnerable to financial stress. Insurance can play a central role in alleviating this stress and help narrow the emerging market health protection gap of around USD 420 billion.</abstract>
<note type="statement of responsibility">Fernando Casanova Aizpún, Viola Wang</note>
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