Economic Terms And Health Care History
Economic Terms and Health Care History
Earlene J Patton
HCS/450
Saturday, May 21, 2015
George James
University of Phoenix
Economic Terms and Health Care History
When writing this paper, the topics covered will be the history and evolution of healthcare economics and the timeline of healthcare funding, using the defined terms.
To meet the supplies and demand health care has changed. Majority of the changes and constraints in the economy of the health care system has to change as well. Over the years health care has changed tremendously. Over the years healthcare economics has gone major changes. Economics is defined as “the science that deals with the production, distribution and consumption of goods and services, or the material welfare of humankind” (Economic Terms 2010). The economy has played a major part in the change.
In the pass and even the present health care plays important role in Americans lives. Americans don’t go to their doctor visits because they cannot afford it. Knowing the cost of receiving health care is extremely high. In the pass the government didn’t fund healthcare. People had to make ways to pay for a doctor’s visit. Today the government fund healthcare and also provide programs. There were no healthcare programs like the economy have today. The economy has gotten much better then what it was in the but it can become even better for the American Citizens Organizations have been debating a better way to provide access to more affordable health care for American Citizen. When health care change it’s slow to change because health care majority of the time the motive are pointed the different direction. In the pass health care transport has changed. There are four main changes in health care that have really impact in health care where we are today. The four changes are: the HMO act of 1974, the introduction of Medicare and Medicaid, introduction of group healthcare insurance as an employer/employee premium from federal taxes and the
Earlene J Patton
HCS/450
Saturday, May 21, 2015
George James
University of Phoenix
Economic Terms and Health Care History
When writing this paper, the topics covered will be the history and evolution of healthcare economics and the timeline of healthcare funding, using the defined terms.
To meet the supplies and demand health care has changed. Majority of the changes and constraints in the economy of the health care system has to change as well. Over the years health care has changed tremendously. Over the years healthcare economics has gone major changes. Economics is defined as “the science that deals with the production, distribution and consumption of goods and services, or the material welfare of humankind” (Economic Terms 2010). The economy has played a major part in the change.
In the pass and even the present health care plays important role in Americans lives. Americans don’t go to their doctor visits because they cannot afford it. Knowing the cost of receiving health care is extremely high. In the pass the government didn’t fund healthcare. People had to make ways to pay for a doctor’s visit. Today the government fund healthcare and also provide programs. There were no healthcare programs like the economy have today. The economy has gotten much better then what it was in the but it can become even better for the American Citizens Organizations have been debating a better way to provide access to more affordable health care for American Citizen. When health care change it’s slow to change because health care majority of the time the motive are pointed the different direction. In the pass health care transport has changed. There are four main changes in health care that have really impact in health care where we are today. The four changes are: the HMO act of 1974, the introduction of Medicare and Medicaid, introduction of group healthcare insurance as an employer/employee premium from federal taxes and the
References: Health economics. (2012). Retrieved from http://www.investorwords.com/7952/health_economics.html Marcinko, D. (2007). The Imperfect Competitive Medical Marketplace. Retrieved from http://medicalexecutivepost.com/2007/12/19/demand-and-supply-in-medical-care/ Science Reference. (2010). Retrieved from http://www.sciencedaily.com/articles/m/microeconomics.htm Sherden, W. (n.d.). Two Laws on Bullish and Bearish Economists. Retrieved from http://www.investorwords.com/tips/1364/two-laws-on-bullish-and-bearish-economists.html The economics of healthcare. (n.d.). Retrieved from http://oheschools.org/ohech2pg7a.html