Quiz 8: Economic Influences

Nursing

Health outcomes in a community can be directly related to the economic status of the people of the community. Poverty results in poor nutrition, low work productivity and less health resources. All these lead to poorer health outcomes in a community. The health economics refers to the effect that the healthcare industry undergoes due to scarcity of resources. It is a field of science that is growing at a very fast pace. Economics is the study of the production, distribution and consumption of various goods and services. Public health economics is the study of the same parameters with respect to health resources available in the community. There are many outcomes of various relationships between the public and the private sectors providing money for funding public health services. When the money is provided by the government and the private sector uses it. The money is collected from the business taxes which influence the spending of money for illness care in the private sector.

Economic status of the people of the community directly influences the health outcomes in a community. Poverty results in poor nutrition, low work productivity and less health resources. All these lead to poorer health outcomes in a community. There are many factors which influence the expenditure of national health care services. One of the major factors affecting the spending on health services is the population demographics. Population changes result due to ageing of people. A large number of old and ill people receive government funded services. People with multiple chronic conditions visit hospitals and health centers frequently. Another factor affecting the cost of health services is the technology of care. New technology results in improvement in the efficiency of the health services but also increases the cost of the services. Chronic illness is also an important factor influencing a nation's health care spending. Chronic diseases accounts for the largest number of deaths. They also cost the maximum number of beds and health professionals.

The health outcomes in the community are responsible for directly influencing the economic status of the people in a community. Poverty results in poor nutrition, low work productivity and less health resources. All these lead to poorer health outcomes in a community. There are many factors, which influence the expenditure of national health care services. Health care financing involves the public and the private services. The public sector is responsible for establishing various hospitals with multispecialty departments. Various government agencies are responsible for preventing and controlling communicable diseases. The government insurance plans include Medicare and Medicaid. They account of the largest portion of public health care spending. Various government agencies aim at improving public health by providing health promotion and disease prevention services. Private health care services include the private insurance services. They also provide employment to various professionals. The individuals pay about 14% of the total health spending but it is becoming a prominent part in recent times.

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