The Health Care Industry's Role in the Economy of the Country

915 WordsFeb 4, 20184 Pages
Health Care Industry The Health Care industry plays and important role in the economy of the country. This industry determines the GDP or the gross domestic product of any country, it also determines exports status, employment, capital investment, along with a lot of other things the health Care industry consists of many different areas such as Dentists and doctors, protective care and nursing, pharmacies, allied medical, health services, and hospitals. With the creation of new inventions and new technology developments the health care industry is catching up with the other leading industries. The Health Care Industry is one of the largest industries catering to the medical needs of innumerable people around the world. These facts that is in this paper will be very helpful to those that are interested in attending some career in this industry The Health Care industry also has many rules and regulations that they need to follow in order to be successful and keep order in the industry without any problems. Some laws include, the Privacy Act, Patient self-determination Act, false claim Act, and the Emergency Medical Treatment and Active Labor Act. The Privacy act of 1974 is a code of fair information practices that mandate how the government agencies, like Health Care who should maintain records about individuals. The privacy Act requires the government to collect only information that is relevant, and necessary to carry out an agency function. The act also ensures that the
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