health care economics history
Michelle Mouang Health Care History
HCS/440
Wednesday 10/01/2014
Professor : Lana Mclecthie
Before 1900, there really wasn't what you could call major health care in this country. The American Medical Association (AMA) was just getting off the ground, hospitals were just getting established, doctors still made house calls and traded their services for goods, and people still used a lot of home remedies to treat their ailments. Health insurance was unheard of!
Between the years 1750 and 2000, healthcare in the United States evolved from a simple
System of home remedies and itinerant doctors with little training to a complex, scientific,
Technological, and bureaucratic system often called the "medical industrial complex
The history and evolution of health care economics involve economist analyzing the health care system. Over the past 60 years health care scientific advancement and economic growth have persisted. Modern advances in health care are driven by market prices. Economists must follow the flow of money to understand health care decisions. Healthcare funding is very complex and assist individuals in ensuring quality service is provided. Thus economist’s decision-making affects the health care system and advancements made.
Economists think of strategic solutions to improve the way health care operates. Economists make decisions that affect individuals’ lives. According to wikipedia (2010) the history of economic thought deals with different thinkers and theories in the subject that became political economy and economics from the ancient world to the present day. Economics is the science that deals with the production, distribution, and consumption of goods and services. The moral obligation of businesses is to sell goods at a just price for individuals to consume. In the 1900s individuals paid out of their own pocket for health insurance. No one needed health insurance
HCS/440
Wednesday 10/01/2014
Professor : Lana Mclecthie
Before 1900, there really wasn't what you could call major health care in this country. The American Medical Association (AMA) was just getting off the ground, hospitals were just getting established, doctors still made house calls and traded their services for goods, and people still used a lot of home remedies to treat their ailments. Health insurance was unheard of!
Between the years 1750 and 2000, healthcare in the United States evolved from a simple
System of home remedies and itinerant doctors with little training to a complex, scientific,
Technological, and bureaucratic system often called the "medical industrial complex
The history and evolution of health care economics involve economist analyzing the health care system. Over the past 60 years health care scientific advancement and economic growth have persisted. Modern advances in health care are driven by market prices. Economists must follow the flow of money to understand health care decisions. Healthcare funding is very complex and assist individuals in ensuring quality service is provided. Thus economist’s decision-making affects the health care system and advancements made.
Economists think of strategic solutions to improve the way health care operates. Economists make decisions that affect individuals’ lives. According to wikipedia (2010) the history of economic thought deals with different thinkers and theories in the subject that became political economy and economics from the ancient world to the present day. Economics is the science that deals with the production, distribution, and consumption of goods and services. The moral obligation of businesses is to sell goods at a just price for individuals to consume. In the 1900s individuals paid out of their own pocket for health insurance. No one needed health insurance