Public Health Law and Policy Innovations: Social Impact Bonds
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abstract
Social impact bonds (SIBs) are pay-for-success arrangements that can be used to address public health issues such as asthma and infant mortality. SIBs are used as financing mechanisms to raise upfront funding from private investors for social and public health preventative interventions. They function by leveraging the anticipated savings of prevention as a source for potential financial rewards for the interventions investors.