Rational to study Health Economy. Health, Medicine, Nursing Essay (Essay Sample)
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)source..
Rational to Study Health Economy
Institution / Affiliation
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.
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