What is health economics Slideshare?
Health economics is the study of how scarce resources are allocated among alternative uses for the care of sickness and the promotion, maintenance and improvement of health, including the study of how health care and health-related services, their costs and benefits, and health itself are distributed among individuals …
What are the basics of health economics?
Against a background of increasing demands on limited resources, health economics is exerting an influence on decision making at all levels of health care. Health economics seeks to facilitate decision making by offering an explicit decision making framework based on the principle of efficiency.
What is the main objective of health economics?
Health economics aims to provide the information necessary to make rational choices about how to deploy funding for health care and how to make the best possible use of the funds available. Economic analyses are useful at many levels in the health system.
What do health economists study?
Health economists are professionals who combine their knowledge of economics and the health care industry to analyze how health care resource are used and distributed. They focus on ways to better understand the health care system, improve health care policies and the quality of patient care.
What is health economics with example?
For example; investing in research and development for new cures and health care equipment. Governments usually subsidize for those who cannot afford insurance or, in certain situations, those low-cost activities and facilities that non-poor citizens can afford on their own.
What are the benefits of health economics?
It analyses the costs and benefits of improving patterns of resource allocation.” Health economics: one role of health economics is to provide a set of analytical techniques to assist decision making, usually in the health care sector, to promote efficiency and equity.
Why is it important to study health economics?
Knowledge of health economics enables the policy makers to take decision on how to acquire resources for the health sector, and how best to use the scarce resources for the production of health services.
Why do we need to study health economics?
Health economic studies provide information to decision makers for efficient use of available resources for maximizing health benefits. Economic evaluation is one part of health economics, and it is a tool for comparing costs and consequences of different interventions.
Who is the father of health economics?
Kenneth Arrow, a founding father of health economics, pointed out in 1963 that health and healthcare differ from other areas of the economy in that there is extensive government intervention, a great deal of uncertainty in several dimensions, asymmetric information, barriers to entry, externalities and the presence of …
What is the lecture note on health economics?
The lecture note on “Health Economics”is prepared in line with the set curriculum, which is currently in use in health professionals training institutes. The materials in this lecture note are complied from different books that are published by different authors and also from internet.
What do we face in introduction to health economics 68?
We face very acute Introduction to Health Economics 68 information problems, which make rational purchasing decisions difficult if not impossible. For instance, most people do not know the best way to treat a stomach ulcer so they would find it difficult to buy such treatment.
What are the common problems of most introduction to health economics?
Some of the common problems of most Introduction to Health Economics 216 countries in their policy are misallocation, inefficiency and cost allocation. A) Misallocation; one of the most important aspects of economics in making health policy is the appropriate allocation of material financial and human resources.
What are the features of Health Economics?
FEATURES OF HEALTH ECONOMICS Health and medical care is considered as economic goods Health is a private or a public good Measurement of health is also considered in economics Stock of health Investment aspects of health 26.