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Set 1 Introduction to Healthcare Economics
Set 1 Introduction to Healthcare Economics
Course
Introduction to Health Care Economics (AGRB(HLTH)3610)
6 Documents
Students shared 6 documents in this course
University
Clemson University
Academic year: 2021/2022
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Set 1: Introduction to Healthcare Economics
- Healthcare as an Economic System: ● Healthcare economics studies the production, distribution, and consumption of healthcare goods and services within an economic framework. ● It analyzes the behavior of individuals, healthcare providers, insurers, and governments in making decisions related to healthcare. ● The goal is to understand the allocation of scarce resources and the impact of economic factors on healthcare outcomes.
- Supply and Demand in Healthcare: ● The supply of healthcare refers to the quantity and quality of healthcare services available to meet the demand. ● The demand for healthcare is determined by factors such as population demographics, income, health status, and individual preferences. ● Healthcare prices and reimbursement systems influence both supply and demand, affecting the quantity and types of services provided.
- Health Insurance and Risk Pooling: ● Health insurance helps individuals manage the financial risk associated with healthcare expenses. ● Risk pooling involves spreading the costs of healthcare across a larger group to reduce individual financial burdens. ● Health insurance markets rely on actuarial principles to determine premiums, taking into account risk factors and expected healthcare utilization.
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Set 1 Introduction to Healthcare Economics
Course: Introduction to Health Care Economics (AGRB(HLTH)3610)
6 Documents
Students shared 6 documents in this course
University: Clemson University
Was this document helpful?
Set 1: Introduction to Healthcare Economics
1. Healthcare as an Economic System:
●Healthcare economics studies the production, distribution, and
consumption of healthcare goods and services within an economic
framework.
●It analyzes the behavior of individuals, healthcare providers, insurers, and
governments in making decisions related to healthcare.
●The goal is to understand the allocation of scarce resources and the
impact of economic factors on healthcare outcomes.
2. Supply and Demand in Healthcare:
●The supply of healthcare refers to the quantity and quality of healthcare
services available to meet the demand.
●The demand for healthcare is determined by factors such as population
demographics, income, health status, and individual preferences.
●Healthcare prices and reimbursement systems influence both supply and
demand, affecting the quantity and types of services provided.
3. Health Insurance and Risk Pooling:
●Health insurance helps individuals manage the financial risk associated
with healthcare expenses.
●Risk pooling involves spreading the costs of healthcare across a larger
group to reduce individual financial burdens.
●Health insurance markets rely on actuarial principles to determine
premiums, taking into account risk factors and expected healthcare
utilization.
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