Health Economics Assignment help 2020

HEALTH ECONOMICS

Assignment help Economics : It is the study of human interaction with the scarce resources to satisfy their needs.

It studies the confrontation of mankind with scarce resources and the possible outcomes of

using the resources.

Health Economics Assignment help: It is a branch of economics that deals with application of economic theories

in the healthcare system of an economy. This includes the choice made by individuals regarding

the place of treatment, the providers of the treatment (doctors and hospitals) and government

intervention in the health care sector. It examines problems such as availability, effectiveness

etc., related to health care system of an economy. It studies the efficient use of scarce

resources within the health care system in order to combat sickness and improve the health of

people and protect them from further diseases.

At the microeconomic Assignment help level, it inspects how individuals choose a health care facility keeping in

mind the cost, benefits, easy availability etc. At the macroeconomic level, it analyzes how the

health care system plays a significant role in the growth and development of the economy. This

can be seen through its contribution in the national income, lessened rate of unemployment,

development in infrastructure etc., of an economy.

Features of Health Economics Assignment help

1) It can either be privately managed or owned by the government.

2) The cost of services can vary due to the kinds of disease, time period of the treatment and

provider of services.

3) The service providers cannot be held accountable for any loss due to sickness whereas a

legal action can be taken against them in case of ill-treatment.

4) The choice of health care service provider by an individual can have different outcomes.

Factors affecting Health Economics

1) Cost of the health service and income of the individual is the main factor influencing

health economics. A person drops the idea of availing a good health care service due to

its un affordable price.

2) Health facilities can be easily provided at affordable cost and within easy reach with the

help of government intervention in the health sector.

3) Education plays a major role in health economics. Lack of awareness about health care

services among the people and neglecting them can also have a dangerous effect on a

person. As seen by various experts, an economy cannot progress if the population lacks

basic health facilities. Therefore, it is necessary to educate people about health care

services.

Evaluation in Health Economics Assignment help

a) Cost Benefit Analysis: This is a technique of evaluation that involves collecting,

organizing and arranging in categories the cost of illness. It is used only when one

problem is being assessed.

b) Cost Minimization Analysis: It evaluated the cost of the service in relevance to the

benefits provided.

c) Cost Utility Analysis: It acts as a tool for the service providers to improve their services

by suggesting the interventions that will provide an individual with best value of money.

d) Cost Effectiveness Analysis: It is a way to measure the cost effectiveness of a health

service by comparing them all in terms of a single unit.

Need for Health Economics/Importance of Health Economics Assignment help

1) To make health policies for an economy that is affordable people and convenient for

health care providers

.

2) Finding out the real cost of services provided by the health care sector and its reach of

affordability and availability.

3) To analyze the effects of unavailability and high cost of health care system on the public.

4) To study the growth in health sector and its reach in all the sections of an economy.

5) It can help in expanding the reach of health care services in various sections of

population of the economy.

6) To explain the concepts of life expectancy and death rate and how they can be

controlled in an effective way.

7) It evaluates the price and benefits of a health policy to individuals and compares them

in terms of different sectors and providers.

Scope of Health Economics Assignment help

a) Disease: It provides knowledge about various diseases and ways to prevent ourselves

from them. The proper precautions that are required for a safe living.

b) First Aid: It works on various methods of first aid to be given in serious situations. This

saves time for patient and might help in case of any delays in vehicle arrival or

unavailability of sources.

c) Sanitation: It denotes the importance of sanitation in the life of an individual and gives

information about various kinds of sanitation practices a person can follow during day-

to-day activities.

d) Personal Health: It deals with issues of personal health (mental or physical) and its role

in protecting the individual from his/her surroundings.

e) Drug: Gives an insight into the drugs that cause harm to a person’s health and the

consequences of usage.

Relevance of Health Economics Assignment help

1) Analysis of Demand: The demand for health care services is dependent on various

factors like cost, duration etc., thus it studies how the demand by an individual is

affected by these determinants.

2) Man Power: It studies the amount of manpower employed in the health sector and their

contribution in the growth of the health sector as well as the economy.

3) Financial Aspects: It tries to find out the source capital source for income and

expenditure on medical tools.