History Evolution Health Care Economics Essay

Pages: 3 (910 words)  ·  Bibliography Sources: 2  ·  File: .docx  ·  Level: College Senior  ·  Topic: Healthcare

In this order of ideas, the demand for medical services is generically accepted as inelastic, which basically means that the demand suffers little or no change upon a change in the price of the medical act. As a consequence, the providers of medical services and equipments (including pharmaceutical companies) have been continually able to raise costs without suffering a decrease in demands.

This trait is the result of more economic principles being integrated in the process of medical care provision. Throughout the past recent decades then, the medical sector has also come to pay attention to economic features, such as the financing of the medical act, the reimbursement of the services, the profitability of the sector, the operational efficiency, return on the investments in new technologies, staff training and so on.

The increased attention paid to the economics of health care has generated a series of results, of both positive as well as negative natures. At the level of the positive impacts, the most notable of them is represented by the increase in the quality of the medical act, as well as the financial responsibilization of the medical staffs. Still, on the other hand, the negative impact is materialized in the decreasing access to medical care due to issues of affordability.

Download full Download Microsoft Word File
paper NOW!
The legislations in the country currently state that medical care would not be denied to patients regardless of economic background, yet free health care becomes weaker and the providers less economically able to support it. And in the context of the economic crisis, people come to neglect their own health due to economic concerns:

"Consumers are self denying care due to economic concerns. With the rise in unemployment, providers are finding more patients are not able to pay for services. While EMTALA laws dictate that patients will not be refused care, providers are looking to cut cost in order to manage the rising uncompensated care" (McConnell, 2012).

Essay on History Evolution Health Care Economics Assignment

Overall, the economic evolution of the health care sector has manifested three important stages, as follows: the establishment of medicine and health care provision without much attention to economic issues; the emergence of economic issues and the emphasis on the financial aspects, and last, the increasing role of health care finance, which impacts the access to medical care. In all, the evolution of health care economics seems pertinent to a capitalist construction.


Blumenschein, K., Johannesson, M., 1996, Economic evaluation in health care. A brief history and future directions, Pharmaeconomics, Vol. 10, No. 2

Cox, M., Pacala, J.T., Vercellotti, G.M., Shea, J.A., 2004, Health care economics, financing, organization and delivery, Family Medicine, Vol. 36

McConnell, P., 2012, Elastic or inelastic is not the only question, High… [END OF PREVIEW] . . . READ MORE

Two Ordering Options:

Which Option Should I Choose?
1.  Download full paper (3 pages)Download Microsoft Word File

Download the perfectly formatted MS Word file!

- or -

2.  Write a NEW paper for me!✍🏻

We'll follow your exact instructions!
Chat with the writer 24/7.

Health Care Issues 1875-1900 Term Paper

Healthcare Policy Reform Literature Review

Healthcare System in the Netherlands Term Paper

India Healthcare a Change Toward Universal Thesis

Evolution of Medicare and Medicaid Services Term Paper

View 200+ other related papers  >>

How to Cite "History Evolution Health Care Economics" Essay in a Bibliography:

APA Style

History Evolution Health Care Economics.  (2012, May 3).  Retrieved June 22, 2021, from https://www.essaytown.com/subjects/paper/b/history-evolution-health-care-economics/9231759

MLA Format

"History Evolution Health Care Economics."  3 May 2012.  Web.  22 June 2021. <https://www.essaytown.com/subjects/paper/b/history-evolution-health-care-economics/9231759>.

Chicago Style

"History Evolution Health Care Economics."  Essaytown.com.  May 3, 2012.  Accessed June 22, 2021.