Health Economic Tools and Concepts

Economic Tools and Concepts Carol Wieden HCS/552 February 13, 2012 Jayme Carrico Economic Tools and Concepts Introduction Controversy surrounds wellness care. Daily, news reports on television, in newspapers, and the Internet discuss the uphill cost of health care in the United States. The delivery and exercise of healthcare is a complex motion. James and Stokes (2006) indicate the process of healthcare includes diagnosis, treatment, prevention, rehabilitation and palliative care (p. 1). Multiple entities ch ampion deliver healthcare - physicians, nurses, therapists, hospitals, insurance providers, government agencies, and commercial companies much(prenominal) as pharmaceutical and medical equipment suppliers. The aging population is placing increase demands on the healthcare system. The increase in co-morbidities associated with obesity is as well testing the ability of health care systems to control costs. apply of antibiotics leading to drug resistance and the decrease in explore and development of these drugs by pharmaceuticals is causing concern among epidemiologists.

alternatives are tight and with newer technology and treatments the health care system must gauge constantly and determine how to allocate effectively these resources. The Economics of health Care Health economics is a discipline that measures the costs and benefits associated with healthcare and seeks to achieve efficiency in terms of competing healthcare options (James & Stokes, 2006, p. 2). The efficiency of resource allocation has three focus areas: get the greatest output from production inputs (a problem for suppliers). Product plectrum determining what goods and services should be produced (meeting consumer demands). Product distribution (who gets the products produced) (Scott, Solomon, McGowan, 2001, p. 282). Resource allocation is complicated... If you want to get a full essay, align it on our website: Orderessay

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