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Essay / Research Paper Abstract
This 8 page paper is written in 2 parts. The first part considers the situation of the healthcare services where there are increasing inputs, such as patients, but the outputs remain the same. The paper considers this in economic terms and the way social impacts influence the way the market has and will develop. The second part of the paper considers the use of cost benefit analysis and cost utility analysis and how this applies healthcare issues such as diet and stress and the use of prevention and education as well as treatment. The bibliography cites 5 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEechealth.rtf
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Unformatted sample text from the term paper:
that medical services supply the way it is provided has to be balanced between the market forces and the social needs of the population, the service provision may also be
influenced highly by political forces especially where there are increasing inputs and the life expectancy of the users is remaining the same.
Despite the nature of the services the healthcare system is a profit making system, as such usual competition rules still apply, where there is a demand in excess of supply
the prices increase, where there is an supply that is above the level of demand there will be price cutting and some facilities will choose to end or reduce capacity
for that service. Likewise the medical facilities will have only a limited amount of use and medical administrators will want to pursue the services which are the most profitable. This
is why we will find hospitals that specialise in certain procedures and the reason why there are networks to gain referrals in an industry where there is a high level
of competition so specialisation can lead to superior profits. The interesting part of healthcare is the way money is allocated, as well
as private insurance there are sources of funds from social welfare schemes such as Medicaid, these are not as subject to the laws of supply and demand as the in
putter of the funds caps and controls these, the same is true when it comes to insurance companies and managed care set up, many of these will limit the level
of expenditure for different services and as such limit the income with suppliers then choosing to supply at that price or not supply that buyer.
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