[PUBHLTH 122] - Final Exam Guide - Comprehensive Notes fot the exam (56 pages long!)

• School: UC-Irvine
• Department: Public Health
• Course: PUBHLTH 122
• Professor: Shaul Mukamel

Document Summary

What is unique about health care: medicine and technology are always changing. It is important because we all need healthcare. This means that every dollar of a household income, 0. 18 cents goes into healthcare. Gross domestic product: gdp: sum of all products and services in the economy. In 2015, the gdp was ,9947 billion or . 9 trillion. In 2015: healthcare spending: . 2 trillion, gdp: . 9 trillion, health care as % of gdp: 17. 9%. This means that roughly 18% of people work in medical (cid:272)are. There are a lot of people (cid:449)ho are i(cid:374)(cid:448)ol(cid:448)ed o(cid:374)e (cid:449)ay or a(cid:374)other. This does(cid:374)"t just have to be medical professional but also the clerical, janitorial and other work. Characteristics of the healthcare system: uncertainty, asymmetric information, externalities, all of these are (cid:272)ausi(cid:374)g (cid:373)arket failure. The health(cid:272)are syste(cid:373) does(cid:374)"t (cid:271)eha(cid:448)e as a regular market because of these.