Health Economic Analysis

My interpretation of health economics is an idea or general notion for an invention of science and the innovation of health technology for a policy that will provide the best health care that is affordable and accessible to all citizen equally as a service to every citizen regardless of ability to pay or economic status. Health economics “can be considered as a collective term for activities that have everything to do with health and the economic is substantial for practice variations” to argue that “requiring doctors to have a medical license constrains inputs, inhibits innovation and increases cost to consumers while largely only benefiting the doctors themselves” as stated by Svorny (2004).
The basic ideas for health care market is creating
Health economics has had a significant impact on the healthcare system, but that there are still key areas where further health economics analysis is needed to further improve the performance of the Affordable Care Act that serve all of us well.
In the application of issues relating to the demand for health care according to Cumming (2015), assessing the selective nature of primary health care subsidies available in the USA, especially in primary health care is at the “low level at which some subsidies were set, leading to significant barriers to access to care from user charges and contributing to inequalities in health; and the impact of the benefits in influencing who provides care and for what type of care” left some patient with insufficient care or delay care, in which many patient die while waiting to receive
Pharmaceuticals are also subsidized by government, free of charge for patients with Medicaid and Medicare. Despite the subsides, there still distinction to the type of care provided by the healthcare providers in a Cumming article, there is a reference noted for the “issues relating to market equilibrium, in particular raising concerns over the long waiting times for elective services in main centers, which in turn raised concerns over equity of access with those able to pay for themselves or through private health insurance having much better access to such care” (Cumming 2015). The uncertainty is intrinsic to health for patient outcomes and financial concerns requires for the health economists to evaluate multiple types of financial information for costs, charges and expenditures. Alan Williams (1987) described the scope of health economics with “plumbing diagram” to divide the discipline of health economics into eight topics illustrated by this diagram: https://static-content.springer.com/image/art%3A10.1007%2Fs40258-014-0149-y/MediaObjects/40258_2014_149_Fig1_HTML.gif References
Cumming, J. (2015). Health economics and health policy: experiences from New Zealand. Applied health economics and health policy, 13(3), 281-289.