Principles of health economics including: the notions of scarcity, supply and demand, distinctions between need and demand, opportunity cost, discounting, time horizons, margins, efficiency and equity.
What are the types of health economics?
Four different types of study are usually distinguished: cost minimization studies, cost-benefit studies, cost-effectiveness studies, and cost-utility studies.
What are the main objectives of health economics?
The article briefly describes the development of health economics and defines its most important areas of research (e.g. subjective and objective valuation of health; demand for and supply of health services; health insurance; planning, regulation and management; evaluation of health systems; and microeconomic
What are the issues of health economics?
The healthcare industry faces critical issues including co-payments that exceed the cost of ethical drugs, general cost inflation in ethical drugs, establishing potential cost efficiencies in operations that might help stabilize costs, rising rates for physicians' malpractice insurance, and fear by seniors that they
What are the current issues in economics?
- Number One: Government Expenditures and Deficits.
- Number Two: Social Security.
- Number Four: Median Family Income.
- Number Five: The Savings Rate.
- Number Six: Consumption Binge.
- Number Seven: No Retirement Funds.
- Number Eight: High Family Debt.
- Number Nine: Healthcare.
What are the factors that are important to health economics?
His theory drew conceptual distinctions between health and other goods. Factors that distinguish health economics from other areas include extensive government intervention, intractable uncertainty in several dimensions, asymmetric information, barriers to entry, externality and the presence of a third-party agent.
What are the types of health economic evaluation?
Result: There are generally four types of economic evaluation: Cost-BenefitAnalysis (CBA), Cost-Minimization Analysis (CMA), Cost-Effectiveness Analysis (CEA), and Cost-Utility Analysis (CUA).
The remaining presentations will highlight each of the four types of economic evaluation: economic impact analysis, programmatic cost analysis, benefit-cost analysis, and cost-effectiveness analysis. Haddix et al.