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"The Healthcare System backlit. 2010 report. Healthcare as driving force in times of crisis"


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Arrived to its fourth edition, the 2010 Report of the Farmafactoring Foundation on the healthcare system backlit, produced thanks to the cooperation between the Farmafactoring Foundation, Censis Foundation, Cergas-Bocconi and Cer-Nib, continues in its identification exercise of interpretation guidelines and original analysis on our Country's healthcare reality, and in particular on the management, financial and relation between public sector and private sector aspects.
The main goal of the 2010 Report is to assess, under a quantitative and qualitative perspective, the role of healthcare expenditure in determining the country's growth. This public healthcare vision as driving force for economic growth has since long been the subject matter of many analysis, but is often disregarded by a number of policy makers, who mainly interpret it as source of "current expenditure" and accordingly, as deficit. The macroeconomic convergence process subsequent to the creation of the single currency strengthened this way of thinking and it can be said that since the early '90 the reduction of such expenditure, more than a focus on its beneficial effects in terms of productivity increase, human capital improvement and added value growth, has represented the main goal of policy makers.
There exist a number of reasons to believe that healthcare expenditure may represent a very good driving force for a country growth, both in the short and in the long period. Firstly, such expenditure strongly impacts on labour supply. A good health condition increases the time available for work and increases productivity. Furthermore, a better health condition, increasing life expectations, allows to obtain higher population instruction levels, so increasing the human capital stock. Furthermore, the key role of research and development expenditure, as well as the fact that this sector represents an incredible driving force for the entire economy, shall be taken into account. Finally, in the short term and in particular regions, health expenditure may be considered as an important income and employment opportunity stabilisation instrument, since a wide range of small enterprises, which often represent one of the few opportunities for employment in the local communities, is connected thereto.
The Report presentation will be structured in three sessions and will represent the opportunity to discuss such matters with experts and representatives of the Italian and international healthcare. In the first morning session the outcomes of the 2010 Report will be illustrated and commented; afterwards, in the second session, representatives of the European and US academic world will comment on how healthcare and health expenditure impact on the entire economy, by referring to what happens in their countries of origin. Finally, in the third session, industry operators managing important public realities in Spain, France, England and Italy will intervene in the discussion focussing on how to make the increasing citizen demand for healthcare compatible with the budget restrictions imposed on health companies.