Essay Available:
Pages:
2 pages/β550 words
Sources:
3 Sources
Style:
APA
Subject:
Health, Medicine, Nursing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
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Total cost:
$ 8.64
Topic:
Rational to study Health Economy. Health, Medicine, Nursing Essay
Essay Instructions:
Describe the Health Economy study plan clearly. Provide names of specific subjects of Health Economy, explain how they will help me achieve my study objectives, and how they will contribute to my professional growth and to my country's development. (550 words)
Essay Sample Content Preview:
Rational to Study Health Economy
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Globally, health is an essential element in the economic growth of a country. Usually, the development of a state is connected to the health of its citizens. Hence, a nation with a strong labor force can improve the growth of its economy. For instance, a healthy workforce reduces production losses due to worker illness as well as absenteeism at workplaces. Thus said, states must implement better economic policies of healthcare spending. Knowledge of health economics helps policymakers to make decisions on how to acquire and spend resources in the health sector (Fuchs, 2011). On the other hand, it helps the health care providers to utilize scarce resources for the production of health services. Therefore, this paper seeks to explore how knowledge in health economy will help me encourage positive health outcomes and lifestyle among people in society.
Over the past decades, health economics has experienced substantial development. Generations of dedicated researchers have developed operational approaches towards resource allocation process. Today, health systems face financial challenges attributable to urbanization, population ageing, prosperity diseases, and technological advancements, to mention a few. Moreover, despite promising developments in the health care industry, rising out of pocket health spending continues to impend affordability of medical care (Fuchs, 2011). As a result, universal health coverage will continue to remain a severe problem for developed and less developed countries. These situations create robust drivers for the development of health economics. In a nutshell, health economics is centred on supply and demand, opportunity cost, margins, efficiency, time horizons and discounting.
Health economics allows the reasonable examination of health care problems, hence, improving health for all. Moreover, it helps understand the behaviour of stakeholders such as healthcare providers, individuals, organizations and government for decision making. For instance, health economics helps solve global issues such as vaccine access, climate change, displaced persons, injuries, migration and pandemics (Jones et al., 2013). Further, it offers policymakers with information on cost-effectiveness, strategic planning that help make informed decisions. It ensures re...
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