Resources in Health Economics
Health Economics is an area of economics that deals with the efficiency, effectiveness and costs and benefits of the production and consumption of health and health care provision. Health economists study how well the existing health care systems function and the costs and benefits of health care provision. It also considers the efficacy of alternative health care treatments and how individuals can be incentivized to look after their own health. There are many factors that make Health Economics a distinctive field of economics, these include large scale government involvement in the sector, significant barriers to entry, the problem of asymmetric information between the producers and consumers, there is also a great deal of uncertainty about the response of different patients to various treatment options. Also the lack of a free market in many health care systems and the need for large scale capital investments means that how to fund the system is an important policy issue.
Health Economics is an area of economics that deals with the efficiency, effectiveness and costs and benefits of the production and consumption of health and health care provision. Health economists study how well the existing health care systems function and the costs and benefits of health care provision. It also considers the efficacy of alternative health care treatments and how individuals can be incentivized to look after their own health. There are many factors that make Health Economics a distinctive field of economics, these include large scale government involvement in the sector, significant barriers to entry, the problem of asymmetric information between the producers and consumers, there is also a great deal of uncertainty about the response of different patients to various treatment options. Also the lack of a free market in many health care systems and the need for large scale capital investments means that how to fund the system is an important policy issue.
