you will examine how health care professionals and decision makers evaluate health care economics to understand the economic dynamics of health care systems. Consider the complexity of providing health care and the intricate relationship between the fundamentals of economics and the elements of health care systems. Understanding this relationship is vital for informed decision making and optimization of health care systems. Making a clear understanding about health economics in relation to health care professionals, delivery, and government and private sector involvement.
Assessing the value of health care professionals and decision makers understanding the discipline of health economics.
Defending or critiquing the importance of considering the complex nature of health and health care when examining the economic principles related to health care delivery.
Analyzing the primary potential benefits of learning about health economics related to government involvement in health care economics, financing, and delivery.
Analyzing the main potential benefits of learning about health economics related to private sector involvement in health care economics, financing, and delivery.
Please make sure these points are included in the paper:
explaining what health economics is and how it relates to healthcare, discussing specific economic principles discussing public payers like Medicare, Medicaid, the VA, and for private payers you will discus the private employers based insurers. paying close attention to the quality outcomes, spending, and financing for each of the models as part of your discussions for the public and private payers.
Some economic principles include supply and demand, the cost curve, determinants of health, capitation and payer mix, and elasticity
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Implications Of Health Economic Concepts For Health Care
Health economics is a branch of economics concerned with issues related to efficiency, effectiveness values, and behavior in the production and consumption of health and health care (The Measurement of Health and Health Status, 2017). Part of the work in health economics has been concerned with quantifying the concept of health. In the model analyzed by Grossman (1972), health is interpreted as a form of capital. Against a background of increasing demands on limited resources, health economics is exerting an influence on decision making at all levels of health care. Health economics seeks to facilitate decision making by offering an explicit decision making framework based on the principle of efficiency.
e, a neurological disease, as well as cardiovascular disease, was evaluated and it was found that genetic information combined with personal health status affected levels of anxiety, as well as further short-term depletion of risk factors for cardiovascular disease. It was discovered that patients with neurological impairments or manifesting Huntington disease symptoms experienced depression at a higher level, and a lower level of quality of life. Conflicting results were found pertaining to cancer. One study reported that there were no levels of distress and anxiety based on the presence or absence of a disease within the family history. However, another two studies found higher levels of distress in people who have already experienced a diagnosis or a cancer. Coping strategies were enacted more by women with a personal cancer history more than women without experience with cancer. Receiving results increased the cognizance of risk, as well as increased screenings and checkups. These studies assisted in understanding how psycho-behavioral reactions could lead to better ways of organizing personal care plans (Oliveri, Ferrari, Manfrinati, Pravettoni, 2018). The research done for the genetic testing of cardiovascular disease, neurodegenerative diseases and cancer allows researchers to better understand how users’ perceptions of developing these diseases affect their lifestyle and psychological well-being. The studies allowed researchers to explore how the application of genetic testing can affect how personal care plans are organized, as well as influence patients in their lifestyle and choosing appropriate situations for their health. Cancer affects the human body in many ways. The cardiovascular and nervous system are both heavily affected by cancer. They are both extremely important systems in the human body and are susceptible to diseases, such as Alzheimer’s disease for the nervous system and cardiovascular disease for the cardiovascular system. Cancer survivors are at a higher risk of cardiovascular morbidity and mortality that is disease related (Adams, Schondorf, Benoit, Kilgour, 2015). The treatments for cancer can affect the body as well. Antibodies, such as trastuzumab, can be related to cardiomyopathy in breast cancer patients when it is used with additive and helpful chemotherapy (Jancin, 2008). A leading cause of morbidity and mortality in cancer survivors has become chemotherapy related cardiotoxicity (Pradeep, et al., 2018).