Essay for you

Essay About Economics Of Health Care

Rating: 4.4/5.0 (10 Votes)

Category: Essay

Description

Health Care Economics - Term Paper

Health Care Economics

Health Care Economics
Dana Carter
HCS 440
November 17, 2010
Tom Flora, PhD

Health Care Economics
Health care costs have risen steadily for years. “Health care expenditures reported in 2008 exceeded $2.3 trillion” (Kaiser Family Foundation, 2010, para 1). This figure reportedly will increase throughout the 21st century unless the government, employers, and consumers can work together to stem this out of control growth.
The history of health care is short but it provides a small view of how the United States made a simple choice of demand and supply through fee-for-service to managed care, PPOs, and other insurers of health care including the federal government. Fee-for-service in the early 1900s was the norm for the American public. Insurance companies did not provide health care, and if they provided the service it was only available to a few wealthy people. Physicians charged a set price based on the ailment or disease, they were paid in goods or money. In the 60s and 70s it was becoming popular for employers to pay health insurance and employers realized that if they provided this essential benefit, the productivity and profits would increase because his or her employee is healthier. At the end of the 70s Americans were demanding health benefits and in the advent of the demand the cost of health increased. The government entered the health insurance arena in 1965 with the passage of Medicare and Medicaid, which covered people without health insurance and elderly, children and mothers. The advent of this legislation changed health care services and the supply and demand of American public.
Today the United States health care system is a myriad mass of complex coverage, funding, and regulation. The factors that influence health care economics are the advances in technology and medical care. This paper will discuss supply and demand and price.

Other articles

Health Care Economics Essay, Research Paper People

Health Care Economics Essay, Research Paper

People place various levels of price on their lives and the lives of their loved ones. People take drastic measures in an attempt to increase and improve one’s life. Unfortunately, money and economics have a great influence on the value of life. As presented in the text, the Jones-Lee Approach, the relationship between wages and risk, and the study with the smoke detectors, all show that even with health, as with material consumer products, people will purchase more when the price is cheaper. People actually place a higher value on life when the means of "saving" that life are cheaper.

The limitations to this type of analysis are that money and numerical figures are not the only way people assess the value of life. Placing a monetary value on life depicts how people react to prices as they do with all goods they purchase. There are many other ways, however, to measure how much you value your life. Obviously, good health is a major factor of being happy and satisfied with your life. However, people also place family, friends, and self-realization very high on the list of value.

Every year, the United States allots a limited amount of money that may be spent on health care. Not everyone can be saved and cured, and the decision on who is, is left up to those in charge. The fact is, different people have different views on whose life should be valued more. Some may want to save a young child who hasn’t had a chance to live their life over an elderly person who has lived a long fulfilling life. Others, however, would place the elder higher because they are wiser and more experienced, while the young child still doesn’t know what is happening. I would predict that most people would choose the first option.

The value of life is very important to society today. It is important in every profession, culture, and home. The way economists place a numerical, dollar value on it is not the only way to measure it. To know that people will place a higher value on life if the price is cheaper, and will take more of a risk with their life if they can save time and money is somewhat disturbing. People need to look at the importance of their families and friends and stop turning to the faster, cheaper means of getting things.

Copyright © 2010-2016

Health Care Economics Essay

Free Essays Must Be Free! TM Health Care Economics Essay

While the free essays can give you inspiration for writing, they cannot be used 'as is' because they will not meet your assignment's requirements. If you are in a time crunch, then you need a custom written term paper on your subject (health care economics)
Here you can hire an independent writer/researcher to custom write you an authentic essay to your specifications that will pass any plagiarism test (e.g. Turnitin). Waste no more time!

Diagnosis Related Groups
Page 2 I. Introduction The rising cost of medical care in the United States has been a concern for quite some time. Beginning in the 1960s with the advent.

People place various levels of price on their lives and the lives of their loved ones. People take drastic measures in an attempt to increase and improve one's life. Unfortunately, money and economics have a great influence on the value of life. As presented in the text, the Jones-Lee Approach, the relationship between wages and risk, and the study with the smoke detectors, all show that even with health, as with material consumer products, people will purchase

Health Care
Millions of urban dwellers living in what is commonly accepted as the richest nation in the world cannot afford basic health care for either themselves or their families. Such a.

more when the price is cheaper. People actually place a higher value on life when the means of "saving" ;that life are cheaper. The limitations to this type of analysis are that money and numerical figures are not the only way people assess the value of life. Placing a monetary value on life depicts how people react to prices as they do with all goods they purchase. There are many other ways, however, to measure how

cuba and embargo
Cuba and the Affects of the Embargo The island nation of Cuba, located just ninety miles off the coast of Florida, is home to 11 million people and.

much you value your life. Obviously, good health is a major factor of being happy and satisfied with your life. However, people also place family, friends, and self-realization very high on the list of value. Every year, the United States allots a limited amount of money that may be spent on health care. Not everyone can be saved and cured, and the decision on who is, is left up to those in charge. The fact

Health Care Reform
9:15 Due to the upcoming presidential election, the two major political parties, and their candidates, have been focusing on the primary problems that the nation will face. Chief among those.

is, different people have different views on whose life should be valued more. Some may want to save a young child who hasn't had a chance to live their life over an elderly person who has lived a long fulfilling life. Others, however, would place the elder higher because they are wiser and more experienced, while the young

The rest of the paper is available free of charge to our registered users. The registration process just couldn't be easier. Log in or register now. It is all free!

More College Papers

Health Care essay
America has a highly developed health care system, which is available to all people. Although it can be very complex and frustrating at times it has come a long way from the health care organizations of yesterday. Previously most health care facilities were a place where the sick were housed an

Health and Welness for the Employees essay
There are many reasons for the employees to get involved in a wellness program. Whether they like it or not overall wellness will affect their everyday life, at home as well as at work. The fact of the matter is that people that are in good health are usually more coherent and are able to enjoy more

Health & Safety essay
“The Great Atlantic and Pacific Company of Canada is committed to providing both employees and customers with a safe and healthy working and shopping environment. All reasonable efforts will be made to eliminate hazardous conditions and unsafe practices from the workplace”. We will be examining ho

Health Care Economics Essay Research Paper People

Health Care Economics Essay Research Paper People

Health Care Economics Essay, Research Paper

People place various levels of price on their lives and the lives of their loved ones. People take drastic measures in an attempt to increase and improve one’s life. Unfortunately, money and economics have a great influence on the value of life. As presented in the text, the Jones-Lee Approach, the relationship between wages and risk, and the study with the smoke detectors, all show that even with health, as with material consumer products, people will purchase more when the price is cheaper. People actually place a higher value on life when the means of "saving" that life are cheaper.

The limitations to this type of analysis are that money and numerical figures are not the only way people assess the value of life. Placing a monetary value on life depicts how people react to prices as they do with all goods they purchase. There are many other ways, however, to measure how much you value your life. Obviously, good health is a major factor of being happy and satisfied with your life. However, people also place family, friends, and self-realization very high on the list of value.

Every year, the United States allots a limited amount of money that may be spent on health care. Not everyone can be saved and cured, and the decision on who is, is left up to those in charge. The fact is, different people have different views on whose life should be valued more. Some may want to save a young child who hasn’t had a chance to live their life over an elderly person who has lived a long fulfilling life. Others, however, would place the elder higher because they are wiser and more experienced, while the young child still doesn’t know what is happening. I would predict that most people would choose the first option.

The value of life is very important to society today. It is important in every profession, culture, and home. The way economists place a numerical, dollar value on it is not the only way to measure it. To know that people will place a higher value on life if the price is cheaper, and will take more of a risk with their life if they can save time and money is somewhat disturbing. People need to look at the importance of their families and friends and stop turning to the faster, cheaper means of getting things.

The Economics of Health Care Analytical Essay 129690

The Economics of Health Care Analytical Essay by Top Papers

€34.95 Buy and instantly download this paper now

Description:

This paper offers an examination of the effects of a taxpayer-funded universal health care program to two hypothetical individuals - a high income healthy individual and the more classic unhealthy individual who has less disposal income to spend on healthcare. Following the assessment without and with the universal healthcare program, is a discussion of the merits and pitfalls of federally regulated health care in the United States as well as a discussion on the effects of such a program to the US economy.

From the Paper:

"The economics of health care is a complex matter that has been debated by individuals, corporate America and government officials alike. People are outraged over the dramatically increasing cost of health care, upwardly spiraling health insurance premium rates and growing limitations on insurance coverage through higher deductibles and reduced coverage."

Cite this Analytical Essay: APA Format

The Economics of Health Care (2006, December 01) Retrieved August 08, 2016, from http://www.academon.com/analytical-essay/the-economics-of-health-care-129690/

MLA Format

"The Economics of Health Care" 01 December 2006. Web. 08 August. 2016. < http://www.academon.com/analytical-essay/the-economics-of-health-care-129690/ >

Comments

Economics of healthcare in the uk essays

MegaEssays.com economics of healthcare in the uk

Economics & The Welfare State Essay
Healthcare


Good health is an important factor to an individual’s welfare. It is an essential prerequisite for the enjoyment of life. For this reason the importance of healthcare to governments is great and vast amounts of resources are allocated to healthcare, for example in the UK healthcare equates for 6% of GNP.
Some argue that Healthcare is a social issue rather than economic but the allocation of scarce resources and the inelastic demand for healthcare lends it self to economic analysis.

Equitable allocation of a commodity is one in which everyone receives a minimum standard and quantity. So in terms of full equality in the society everyone should consume the commodity equally. In healthcare this argument becomes complicated, should everyone receive a minimum standard of healthcare? Or should everyone get the best healthcare available? The truth is that hospital buildings, doctors and medical equipment all take up resources. The best standard of healthcare could only be given if all of the government’s resources were allocated to the provision of health. This would be a foolish thing to do, as other commodities would not be produced which may be detrimental to health and other aspects of life.

Healthcare is different from all other products in that the (supplier) doctor knows more about it than the (consumer) patient. Consumers can distinguish between two types of product and choose the one, which gives them greatest utility but with health care the patient is not educated enough about medicine to choose between two treatments and must therefore go with what the doctor recommends. This imbalance of knowledge gives the healthcare industry suppliers monopoly power. A healthcare supplier could lower the standard of service and not fear loss of customers. A doctor may also recommend a treatment that is costly and therefore will bring in higher profit for himself without the avera.

Related Essays:

economics of healthcare in the uk. (1969, December 31). In MegaEssays.com. Retrieved 02:16, August 08, 2016, from http://www.megaessays.com/viewpaper/43821.html

MegaEssays. "economics of healthcare in the uk." MegaEssays.com. MegaEssays.com, (December 31, 1969). Web. 08 Aug. 2016.

MegaEssays, "economics of healthcare in the uk.," MegaEssays.com, http://www.megaessays.com/viewpaper/43821.html (accessed August 08, 2016)

Essay about economics of health care

Economics

Economics and Healthcare Delivery Systems has a direct affect on society;

utility. The Health Production Theory explains the role of the making, or

production, of health and its influence by a variety of factors, including the

amount of medical care consumed. Also, there ?s a direct relationship between

healthcare economics and societies access to health insurance.

and optional. Because health insurance continues to offer narrow ranges of

benefits for small monthly fees, many people pay directly for optional health

services. The first to notice this trend are entrepreneurs, both physicians and

businessmen who come from the resource side. These entrepreneurs have led in the

most noticeable physical and organizational restructuring of health care. the

decentralization of hospital and physician services to single-specialty or

single-patient-type "institutes" that offer all services in an

integrated form. Institutes now house women and children’s services, cancer.

orthopedics, eye, diabetes. renal and stroke services, asthma and allergies,

heart and fitness, along the lines of existing infertility institutes. The task

of tying these disparate institutes together falls to the regional health care

Physicians, many of whom prove to be not only surplus under managed care but

whose skills have not kept up with advances in medical science. At the same

time, doctors trained in genetics find they cannot afford to practice

independently, since health plans are reluctant to open the gate to what they

perceive as expensive services that will not prove out for years. Manpower

surplus gives the advantage to health plans, which can pick and choose. IPA?s

are a low-involvement framework for physicians who only want to contract

together. Medical groups can not only contract but enhance the practice

experience, and health plans tend to like them.

Health Insurance: As the country enjoys the "long boom" produced by

the leveraging of knowledge into wealth. there are actually two pathways

emerging in payment:

&#61623; One pathway is mediated by insurance, still related to

individuals through work or through government. Mandates have stair-stepped most

employers into mandated coverage, leaving out small rural businesses where no

managed care plan exists, or certain other exceptions. Unfortunately, Congress

has been unable to reduce fully the 17 percent of the population without

insurance, since small business growth, immigration and premium increases offset

any gain. Universal coverage mandates await the political maturation of minority

groups into both elected leadership positions, and voter participation.

&#61623; The second pathway is payment arranged outside of insurance.

This is the fastest-growing form at present. Direct consumer payment covers most

self-care, alternative health services, "nutraceuticals," cosmetic

surgery, much nonorganic mental health, non-Medicaid long-term care and physical

therapy past approved limits. For seniors and even families, some health

services are built into housing costs. Foundations and not-for-profits cover

problems not easily handled by insurance, such as migrant worker care or

open-door clinics for the inner city. Health insurance depresses innovation. as

providers tend to give only the care that is, in fact, "covered." It

does so by excluding "experimental" procedures. by underpaying for new

services so providers are reluctant to commit the resources. and by restricting

by underpaying for new services so providers are reluctant to commit the

resources, and by restricting patients’ access on a per-case basis. (Examples:

bone marrow transplants for third-stage breast cancer. testing of family members

at risk for cancer, etc.) Prevention efforts are artificially limited as they

can be paid for only if delivered to covered individuals in their role as

patients, when prevention at the family or community levels may be called for.

&#61623; Insurance related to individuals does not work for people who

lack the competence to manage it or their health care. Open-access services,

instead, should be subsidized. Note the untenable economics of emergency rooms,

the safety net for people who are outside the formal system. Insurers,

particularly government plans, could stimulate such innovation by offering

budget subsidies for services that are meant to reach the uninsurable.

Economics Essay Research Paper Economics and Healthcare

Economics Essay, Research Paper

Economics and Healthcare Delivery Systems has a direct affect on society;

because health, like any other good or service, is desired because it generates

utility. The Health Production Theory explains the role of the making, or

production, of health and its influence by a variety of factors, including the

amount of medical care consumed. Also, there?s a direct relationship between

healthcare economics and societies access to health insurance.

Rising incomes mean more disposable income for health services, both basic

and optional. Because health insurance continues to offer narrow ranges of

benefits for small monthly fees, many people pay directly for optional health

services. The first to notice this trend are entrepreneurs, both physicians and

businessmen who come from the resource side. These entrepreneurs have led in the

most noticeable physical and organizational restructuring of health care: the

decentralization of hospital and physician services to single-specialty or

single-patient-type "institutes" that offer all services in an

integrated form. Institutes now house women and children’s services, cancer,

orthopedics, eye, diabetes, renal and stroke services, asthma and allergies,

heart and fitness, along the lines of existing infertility institutes. The task

of tying these disparate institutes together falls to the regional health care

system where the links are financial and information systems, not geographic or

Physicians, many of whom prove to be not only surplus under managed care but

whose skills have not kept up with advances in medical science. At the same

time, doctors trained in genetics find they cannot afford to practice

independently, since health plans are reluctant to open the gate to what they

perceive as expensive services that will not prove out for years. Manpower

surplus gives the advantage to health plans, which can pick and choose. IPA?s

are a low-involvement framework for physicians who only want to contract

together. Medical groups can not only contract but enhance the practice

experience, and health plans tend to like them.

Health Insurance: As the country enjoys the "long boom" produced by

the leveraging of knowledge into wealth, there are actually two pathways

emerging in payment:

 One pathway is mediated by insurance, still related to

individuals through work or through government. Mandates have stair-stepped most

employers into mandated coverage, leaving out small rural businesses where no

managed care plan exists, or certain other exceptions. Unfortunately, Congress

has been unable to reduce fully the 17 percent of the population without

insurance, since small business growth, immigration and premium increases offset

any gain. Universal coverage mandates await the political maturation of minority

groups into both elected leadership positions, and voter participation.

 The second pathway is payment arranged outside of insurance.

This is the fastest-growing form at present. Direct consumer payment covers most

self-care, alternative health services, "nutraceuticals," cosmetic

surgery, much nonorganic mental health, non-Medicaid long-term care and physical

therapy past approved limits. For seniors and even families, some health

services are built into housing costs. Foundations and not-for-profits cover

problems not easily handled by insurance, such as migrant worker care or

open-door clinics for the inner city. Health insurance depresses innovation, as

providers tend to give only the care that is, in fact, "covered." It

does so by excluding "experimental" procedures, by underpaying for new

services so providers are reluctant to commit the resources, and by restricting

by underpaying for new services so providers are reluctant to commit the

resources, and by restricting patients’ access on a per-case basis. (Examples:

bone marrow transplants for third-stage breast cancer, testing of family members

at risk for cancer, etc.) Prevention efforts are artificially limited as they

can be paid for only if delivered to covered individuals in their role as

patients, when prevention at the family or community levels may be called for.

 Insurance related to individuals does not work for people who

lack the competence to manage it or their health care. Open-access services,

instead, should be subsidized. Note the untenable economics of emergency rooms,

the safety net for people who are outside the formal system. Insurers,

particularly government plans, could stimulate such innovation by offering

budget subsidies for services that are meant to reach the uninsurable.