Economics and Health Care

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Economicsand Health Care


Economicsand Health Care

Putyour money where your health is guaranteed. What is a country’seconomy worth if it is not able to support its healthcare? A healthynation is a growing nation, and its economy is even better when herpeople can work without the fear of their body conditionsdeteriorating. This not only true, but it is also necessary thatsolutions to the safety of the people in terms of their health beconsidered even in the worst of economic situations. The economicpolicies and status of a nation or state has a direct implication onits healthcare systems. These effects need progressive and long-termsolutions through steps like changes in the employer-based healthcare services, structural changes especially reforms in the insuranceand technological changes in the health industry.

Thechanges in employer-based health care services is going to be animportant aspect in the future. That is due to the dependence ofemployees on coverage by the companies and firms that they work for.In the adverse economic times, precisely during the recessions, manycompanies have short lifespans. This causes high rates ofunemployment and hence the loss of healthcare securities. There isalso a challenge in the small enterprises whose number of employee isapproximately below 500. This limits the number of people that areunable to access healthcare services during an economic crisis. Thereis, therefore, a great need to make companies stables and empowersmall enterprises that employ fewer and people who are mostvulnerable to the economic effects on the health industry (Drummondet al., 2015)

Healthcare insurance policies reforms are part of the issues that economicand have real consequences to the health care of a community. Theterms of insurance need to be reviewed to provide accessibility ofheath care through insurance. People affected by ailments andcomplications that require expensive and immediate attention fromhospitals and other healthcare service provider need insurance.People need to be able to access health insurance at in any economiccircumstances for a country to strike a balance between economicchanges and healthcare provision. This is just part of the structuralchange that needs to be taken. Through ensuring these, there will bean improvement in the development of the specific countries becauseof god health among the members (Rosen,Waitzberg &amp Merkur, 2015).

Technologicalchange that needs to be implemented in the healthcare system. This isbecause the technical improvements that need to be incorporated arenecessary so as to improve service provision. It also changes thequality of service provided in the health industry even in times whenthe economy is in recess. Technology helps increase the ability toprovide services in the health industry, services that might becostly in times of economic crises. The future is in technologicaladvancement and investment of the federal government in healthinformation would be significant on the path towards change. Thelevels of health provisions will be well set in case the element oftechnology is given the seriousness as deserved (Cresswell&amp Sheikh, 2013).

Inconclusion, changes need to carried out through the transformation ofemployer-based services, structural changes in the insurance forhealthcare and lastly the technological changes especially in thehealth information technology. It is therefore clear that the economyaffects the health industry making it necessary for nations, statesor countries to effect change.Through all these conditions it isclear how much the economy affects healthcare and the various waysthat effective change can be put in place.


Drummond,M. F., Sculpher, M. J., Claxton, K., Stoddart, G. L., &amp Torrance,G. W. (2015).&nbspMethodsfor the economic evaluation of health care programmes.Oxford university press.

Cresswell,K., &amp Sheikh, A. (2013). Organizational issues in theimplementation and adoption of health information technologyinnovations: an interpretative review.&nbspInternationaljournal of medical informatics,&nbsp82(5),e73-e86.

Rosen,B., Waitzberg, R., &amp Merkur, S. (2015). Israel: Health systemreview.