Benefits Of Financial Support For Medical And Health Care

There are several disease that are we still do not know much about despite copious amounts of research. Cancer and Alzheimer’s are two major examples of these mysterious diseases. Although the scientific method is useful in the development and research on various medications and treatments, there are still limitations. Patients react to treatments in various ways, because bodies and systems vary from person to person. There is simply too many variable to be able to pinpoint the exact reaction a patient may have. Clinical trials and studies can narrow down these reactions down to a list of possible side effects, but doctors can never know for sure how a patient will respond. There are many unknowns and treating actual patients is much different that conducting an experiment investigating how two medications will effect an experimental unit. During a designed experiment, the experimenter can control all the variables except for the experimental variable and get clear straightforward results. On the other hand, when treating a real patient with a severe illness, such as cancer, the physician has to keep an eye on all body systems. They cannot simple give all of their attention to the area of the body that is currently affected. In these practical settings, there is simply too many variables for the scientific method to be as useful as it normally

A Health care system of any country is an important consideration for the purposes of the overall development. One of the most important and essential feature of the human body is the health and the systems. In the same manner, proper management is also necessary. Furthermore, all the countries of the world have few targets and achievements to be made. On the other hand, it should also be noted down that, economic development and social welfare the two most are the two important factors. Economic welfare is connected with the increase in the wealth of the people at large (Niles, 2011).

broad range of individual patients. The patient should be able to benefit maximally from the care he/she receives.

Economists use certain concepts to help better understand health care services and the determining factor in health care funding.

The DOH (2001) suggests that approximately 90% of adults in the UK that have Diabetes have Type 2, and that this condition can have a significant effect on the psychological well-being of these people and their families.

Health professionals quite often have to weigh p agreements over cost, the effectiveness of treatment and the benefit that patients gain from the proposed course of action.

Lack of health insurance is a barrier to medical care, which may increase the risk of diabetes complications and costs. The objective of this study was to assess the potential of the Affordable Care Act (ACA) of 2010 to improve diabetes care through increased health care access by comparing health care and health outcomes of insured and uninsured people with diabetes. Uninsured adults with diabetes had less access to health care and lower levels of preventive care, health care use, and expenditures than insured adults. To the extent that the ACA increases access and coverage, uninsured people with diabetes are likely to significantly increase their health care use, which may lead to reduce incidence of diabetes. Mental Health issues that can develop with people with diabetes are diabetes distress, anger, denial and depression.

Following on from this we can see from government level down to localized trusts, social policy is important. In economic sense the financial decisions effect all aspects of healthcare. As indeed do the frameworks and benchmarks set by the Department of Health. These can effect the clinical treatment of a patient/client. Benchmarking can change the way healthcare workers approach their work. While financial restraints effect what resources can be offered.

This is to understand comparable numbers as to why certain groups require or refuse this service

Health care economics studies such issues as demand for medical care, pharmaceutical prices, competition among health care providers and insurers, and financing of health care services. Castor Collins has put together a plan which will help solve many issues facing the organization. The plan is built to maximize profit for the company and minimize the risk of poor choices provided to individuals who will cause the organization to fall.

Health care economics involves making plenty of choices. Individuals, groups, businesses, and organizations choose how to use resources . Economics and health care are linked, because health care professionals apply economics in their everyday professional activities. They are able to do this through resource allocation. Any health care organization has to plan out how they will use their resources to their advantage. Health care economics are able to incorporate terms like cost, quality, and resources. In this paper, I will compare these terms as they relate to health care economics. In this paper, I will also explain how they

This article was quite different from the previous articles I have read in the class as it poses methods for physicians to analyze treatment benefits. Similar to what we learned in class, the article discusses different types of economic analysis as well as the different types of costs associated with treatments. Although I think that considering economic analysis is a great way for physicians to provide the most beneficial treatment, I

Farrar S., Ryan M., Ross D., Ludbrook A. 2000. Using discrete choice modelling in priority setting: an application to clinical service developments. Social Science and Medicine (50) 63-75.

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. It is not the only consideration but it is an important one and practitioners will need to have an understanding of its basic principles and how it can impact on clinical decision making.

Changing factors such as aging populations and new technologies becoming available are increasing expectations from people throughout the world, and decision makers must make rational choices to maximise benefits to population health whilst working with limited resources. Yothasamut et al (2009) summarise this by observing that "health care resources in every setting are always constrained, while unlimited demand is observed". The 'best' choices in the context of economics are the ones which maximise utility (individual satisfaction through consumption of goods) and welfare, the sum utility experienced by all individuals in society. Decision makers often have to seek satisfactory rather than optimal solutions, also known as working with 'bounded rationality' (Simon 1957 in Williams et al 2008), as it is important to pursue both efficiency and equity in the funding of health care. Therefore, it may be unsuitable to fund the most cost effective option if it sacrifices the equal distribution of benefits. Research in health economics can take a normative or positive approach and this reflects the balance needed between cost control and equity when making economic decisions. Positive economic research and analysis is concerned with 'how things are' and seeks to explain economic phenomena, whilst normative economic research and analysis is concerned with 'how things ought to be' and relies on value