Healthcare economics

The US. healthcare system is influenced by a shifting political climate. constant economic development,
rapidly evolving technological innovation, diffusion of social values, demanding workforce issues. and
demographics trends. Also, the U5. system differs from other countries’ systems on many dimensions, such
as lack of a central governing agency. limited coordination, high costs but only average health outcomes.
imperfect market conditions. the dominant private sector market, multiple organizational forms and players.
and the conflict between market goals and social justice. The concern over the economic future of healthcare
systems revolves around three broad issues: cost, quality, and access. Gaps in coverage, combined with the
upward trends in medical care spending over the past several decades, add to the commonly held belief that
the U5. healthcare systems is in crisis.

As a final project. prepare and submit a scholarly paper that discusses the following:

Describe the economic foundation of the U5. healthcare delivery system and the role of economics in
healthcare.

Compare and contrast the use of various economic models to explain the role of economics in healthcare
and how the concept of the market equilibrium works in healthcare.

Assess the role of production of health and demand and supply for medical care and health insurance.
and relationship of income and the demand for healthcare.

Compare the economic benefits and challenges of individual versus population health.

Assess the international comparisons of health among the United States and other developed countries
(cost, quality, access to care, and any other relevant measures).

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