Study Document
Pages:2 (621 words)
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Document Type:Term Paper
Document:#66960453
Economics and Healthcare:Incentivizing Better Healthcare ChoicesAlthough health is priceless, affording good health and healthcare has grown increasingly costly, particularly in the United States. Stakeholders with an interest in improving both the populations health while still keeping healthcare costs contained include patients, patients families, providers, employers who provide health insurance to employees and wish to keep employees sick days at a minimum, insurance providers, and government policy-makers. Healthcare considerations encompass reducing the pervasiveness of chronic diseases, such as type 2 diabetes, as well as reducing the spread of infectious disease. These concerns are not limited to the current concerns about coronavirus but also the spread of measles, mumps, and other diseases once thought to be eradicated by vaccination.It is true that economic incentives to encourage good health can be used to promote healthy behavior. These may include techniques using positive and negative reinforcement. In terms of positive reinforcement, offering care at little or no cost, such as subsidized health insurance through the Affordable Care Act (ACA), free vaccines to promote the public good, and free public health screening would all be considered direct economic incentives designed to improve population health, reducing the immediate economic pain to seeking out screening and earl treatment. Negative economic reinforcers include so-called sin…
…health, which can be more difficult to conceptualize.From a healthcare standpoint, reducing primary care costs is critical. Incentivizing wellness behaviors is ultimately more effective than using more intensive secondary and tertiary treatments to address illness once it has manifested. There are also more general, less tangible benefits to increasing overall health of the population, including reduced sick time from work, reduced stress and anxiety, overall improved quality of life, and even increased socioeconomic mobility, as healthier people are better able to work for their personal and family social betterment (Hale, 2000). Behavioral economics is not a perfect solution, but it can be used as one…
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Therefore in the economic sense many institutions have been viewed to lay back. Knowledge and Expertise in Telemedicine Another challenge has to do with the limited knowledge and expertise in telemedicine as well as the need for enhanced and modified telemedicine systems. In this sense, little knowledge currently exists among medical practitioners on how to effectively and practically use various forms of telemedicine. This knowledge gap on insight into telemedicine, in
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Transparency empowers consumers to become better shoppers. Economists assert that transparency stimulates productivity, for example, in exchange for money, one individual obtaining fair value. In every aspect, except healthcare, Davis points out, transparency, is supported. The contemporary dearth of transparency in healthcare has led to many Americans not being able to effectively shop for the best quality of service at acute care hospitals. Davis argues that transparency permits consumers,
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(Menzel, 1990, p. 3) Fisher, Berwick, & Davis alude to the idea of integration in health care, with providers linking as well as creating networks of electronic medical records and other cost improvement tactics. The United States and other nations over the last twenty or so years, have begun a sweeping change in health care delivery, regarding the manner in which health information is input, stored and accessed. Computer use
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But due to the ineffective allocation of resources, while money was spent on his care when his blood sugar was 'out of control,' and when he began to develop blindness and other symptoms of uncontrolled diabetes, he did not receive the consistent but relatively low-care necessary to reduce the causes of his inability to manage his condition. Conclusion Healthcare operates within the market system, and is subject to opportunity
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Nurses, who have first hand knowledge and understanding of how to live healthy and how to take proper care of themselves, are far better equipped to teach others about these concepts. Certain populations can benefit greatly from prevention, especially those who are prone to specific types of diseases or conditions. One of the most common behaviors that leads to many chronic and often very damaging health conditions is smoking. Smoking
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Data Analysis Procedures In what way(s) are the data analysis procedures appropriate for the data collected? A number of qualitative researchers have advanced comparable data collection approaches for qualitative data, and the author relied on the methods developed by Street and Walsh (1996) for this purpose. In what way(s) are the data analysis procedures consistent with the qualitative method used? The author states that she based her data analysis on the qualitative