Implications of Economics and Policy for Health Professionals

Implications of Economics and Policy for Health Professionals
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Implications of Economics and Policy for Health Professionals
Introduction
In every country in the world, matters of health cannot be separated from the economics of the country. The two are related in that the planning in the health care sector are part of the economics of the country, where various economic principles and policies have to be put into consideration for proper planning. Accordingly, the discipline of applying economic principles and policies to facilitate efficiency, value, and effectiveness in the health market is referred to as health economics (Glied & Smith, 2011). Understanding health economics is very critical for proper management of health and health care in a country. Health professionals ought to have adequate knowledge of health economics, as it is crucial for the development of health care reforms.
The Value of Understanding the Discipline of Health Economics
Owing to the great importance of the health sector in any country, understanding the discipline of health economics for health professionals helps in improving the quality of care and amenities for the public. It facilitates effective management of the health sector, which in turn facilitates the education of the overall costs associated with health care provision and health promotion (Henderson, 2014). When examining the economic principles that relate to health care delivery, it is vital to consider the complex nature of health and health care. By doing so, a health professional can be able to understand the most urgent needs of the health sector and accordingly, adopting the best economic policy that can facilitate the satisfaction of the need. In essence, the adopted economic principles or policies should be fiscally sustainable in the longrun in guaranteeing the intended reforms in the health sector (Henderson, 2014). The best choice of economic principles for the health sector will facilitate the best and sustainable health care delivery.
The Potential Benefits ...