Health Care Economic Analysis
Healthcare History Economics analyzes the production, distribution, and consumption of goods and services within an industry. More specifically health economics is centered on the issues related to efficiency, effectiveness, value, and behavior in the production and consumption of healthcare services and goods. Without demand and supply the healthcare industry would not exist. There has to be a demand for healthcare services and goods in order for there to be a supply, and there has to be a supply of products in order for the demand to exist.
History
The healthcare system in the United States has undergone upheavals over the past two decades. Within one generations the healthcare industry has evolved from being a largely unorganized …show more content…
During this time period the federal government would leave matter of healthcare funding up to the states and the states left the decision up to private and voluntary programs. (Palmer, 1999). So there was no real organization or funding for the healthcare industry during the late …show more content…
Bush persuaded Congress to add prescription drug coverage to Medicare in an expansion of Johnson’s Great Society program for seniors, this happened in 2003. In 2008, Hillary Clinton makes a sweeping health care plan, which required everyone to have health insurance. She lost the race to Barack Obama, and he proposed his own comprehensive plan. In 2009 Obama requires that all businesses except for small businesses offer coverage to their workers, mandates that everyone must have some type of health insurance or they would face a fine. In 2010, Congress passes the Patient Protection and the Affordable Care Act, which was designed to extend healthcare coverage to more than 30 million uninsured people. This law was signed into place March 23rd. (Cass, 2012).
Conclusion
There is a lot of history as to how the healthcare system and insurance came about. Over many decades the health system has advanced so much and is better than it was make in the beginning. The healthcare industry still has some more advancements to become a strong and solid system. If the economics of healthcare continues in the same direction it will continue to become a better system.
History
The healthcare system in the United States has undergone upheavals over the past two decades. Within one generations the healthcare industry has evolved from being a largely unorganized …show more content…
During this time period the federal government would leave matter of healthcare funding up to the states and the states left the decision up to private and voluntary programs. (Palmer, 1999). So there was no real organization or funding for the healthcare industry during the late …show more content…
Bush persuaded Congress to add prescription drug coverage to Medicare in an expansion of Johnson’s Great Society program for seniors, this happened in 2003. In 2008, Hillary Clinton makes a sweeping health care plan, which required everyone to have health insurance. She lost the race to Barack Obama, and he proposed his own comprehensive plan. In 2009 Obama requires that all businesses except for small businesses offer coverage to their workers, mandates that everyone must have some type of health insurance or they would face a fine. In 2010, Congress passes the Patient Protection and the Affordable Care Act, which was designed to extend healthcare coverage to more than 30 million uninsured people. This law was signed into place March 23rd. (Cass, 2012).
Conclusion
There is a lot of history as to how the healthcare system and insurance came about. Over many decades the health system has advanced so much and is better than it was make in the beginning. The healthcare industry still has some more advancements to become a strong and solid system. If the economics of healthcare continues in the same direction it will continue to become a better system.