The History and Evolution of Healthcare

879 WordsNov 15, 20104 Pages
The History and Evolution Of Healthcare The History And Evolution Of Healthcare Jay Williams University Of Phoenix HCS/440 Health Care Economics Lena Lee Watson, RN, DHSc August 5, 2010 The History And Evolution Of Healthcare Intro I can remember as a little kid growing up in New York City what the highlight of my year was every year; it was getting to go down south for the summer. My grand parents had this huge oak tree in their front yard that I love to climb up. My grandmother used to always say to me “Stop doing that tree, one day you’re going to fall and break your arm.” Well, she was right. I fell out and broke my arm. She and my grandfather took me to the hospital, the doctor put a brace on my arm, grandpa…show more content…
and the effect that healthcare cost has on the U.S. Gross National Product. When all of these factors are considered one could see how healthcare has an macroeconomic effect on the economy. Meaning that when an individual pays his or her premium, those premium dollars are invested back into the economy by the insurance companies to keep our economy strong. This is different from microeconomics. In a microeconomic system it’s more of a decision as to whether or not an individual can afford the premiums or if they’re even willing to pay the premiums.and whether or not they are willing to pay them. Conclusion Though it has been many years since I’ve climbed a tree there is one thing that I am certain of. With the rising cost of health care today if I did break an arm or any other limb, it would certainly cost more than $10 for me to be patched back up. During the course of this paper the author will be discussing the history and evolution of healthcare economics and healthcare funding timelines. Reference CNN. (2009). Health. Retrieved from http://www.cnn.com/2009/HEALTH/06/05/bankruptcy.medical.bills/ Catlin, A., Cowan, C., & Heffler, S. (2005). National health spending 2005: the slowdown continues. Ebscohost, (), University Of Phoenix. (nd). Changes in the use of health care funding over time. Retrieved from University Of Phoenix, HCS440
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