Study of Health economics Flashcards
(14 cards)
It isa branch of economics concerned with issues related to efficiency, effectiveness, values, and behavior in the production and consumption of health and health care.
Health economics
_________ studies provide information to decision makers for efficient use of available resources for maximizing health benefits.
Health economic
EXAMPLES OF HEALTH ECONOMICS
- Investing in research and development
- Governments
__________ for new cures and health care equipment.
Investing in research and development
_______ subsidize for those who cannot afford insurance or, in certain situations, those low-cost activities and facilities that non-poor citizens can afford on their own.
Governments
The goal of health economics is to better understand the economic aspects of ________ and _________ in order to design better health interventions, programs, systems and policies.
health and health care
The study of health economics focuses on the:
- economic behavior of individuals; providers
- insurers
- international
- federal
- state
- local governments
- actors
their actions affect health and medical care. This includes:
- financing health care
- provide payment systems
- restructuring health systems
In the _____, healthcare economistsanalyze public healthcare policy and whether it is achieving the intended goals in the most cost-effective way possible.
public sector
In ________, specific services and products are analyzed to ensure they are provided in the most cost-effective way.
private industry
PRINCIPLES OF HEALTH ECONOMICS
- Equal use of health services for equal needs for healthcare
- Equal use of health services for equal willingness to pay for that use.
- Equal health outcomes for equal merit
- Equal healthcare payments by people for that health care.
They analyze data, make assessments and provide advice on the cost-effectiveness of medicines, medical devices and diagnostic tests
Health economists
They also evaluate the benefits of new or proposed public health policies to the health service and the public.
Health economists
___________ defines health economics “as the application of economic theories to understand the behavior of individuals, health care providers, public and private organizations and governments in decision making.”
John Hopkins Bloomberg School of Public Health