Discipline Of Health Economics: A Case Study

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Assess the value of healthcare professionals and decision makers understanding the discipline of health economics. A combination of the rise of health care expenditures in many jurisdictions ever “increasing technological innovation in health care, patients' insatiable needs and demands, the emergence of new diseases and demographic changes have all come together to force decision- and policy-makers, at all levels of the health care system, to rethink reimbursement and provision decisions” (Goeree & Diaby, 2013). With limited capacity of the health care system to handle the accumulation of these factors, “health care decision-makers have recognized the need for prioritizing between competing health care uses and the important role a transparent,…show more content…
health care delivery system is poorly prepared to meet the growing health care needs of its population. “Current limitations result in unexplained practice variations, gaps between evidence and practice, inequitable patterns of utilization, unsustainable cost increases, and poor safety” (Austin & Wetle, 2016). Health care costs consume a growing proportion of the economy, leaving the public, insurers, industries, and government straining under a financial burden. “Unnecessary services are provided far too often because there is little coordination across sites or among providers, yet care management, cross disciplinary care, and preventive care are often uncovered or poorly reimbursed” (Kopach-konrad, Lawley, Criswell, Hasan, Chakraborty, Pekny, & Doebbeling, 2007). Current care delivery systems are not designed to support the care of these complex patients, which requires multiple providers and…show more content…
In the private model, insurance is voluntary and insurers may choose who they wish to insure” (Morris, Devlin & Parkin, 2012). In some cases, people in poor health may have difficulty finding an insurer who is willing to cover them. Public-sector involvement in health care has “decreased, permitting increased involvement by the private sector in health care in many countries” (Greenwald, O'Keefe, & DiCamillo, 2004). Proponents argue that private-sector involvement in health-care systems “encourages greater efficiency, innovation, consumer choice, and client responsiveness” (Greenwald, O'Keefe, & DiCamillo, 2004). However, “most reasons advanced in favor of allowing competing insurers or financers appear to be based on ideology rather than evidence” (Barr, 2011). The primary justification is usually based on the assumptions that “markets promote efficiency and that competition is more responsive to innovation and patient choice” (Austin & Wetle, 2016). Other critics argue that “greater private-sector involvement will lead to inequities in access and eroded standards of care” (Austin & Wetle, 2016). There is good justification for these arguments when speaking of delivery, but none when speaking of
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