ECON 253 Chapter Notes - Chapter 4: Health System, Health Professional, Co-Insurance

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13 Apr 2016
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Exam note chapter 4 health care system and insituions. Health care system: organizaional arrangements & processes through which a society makes choices on. Producion, consumpion, and distribuion of health care services. Structure is important: determines who actually makes the choices concerning the basic quesions: centralized. Choices are decided by a centralized government, or authority, through a single individual or an appointed or elected commitee. More capable of distribuing output more uniformly. Greater ability to exploit any large-sized economies. High costs of collecing informaion about consumer needs. Lack the compeiive incenive to innovate or respond to varied: decentralized consumer-voter demands. Individual consumers and health care providers, through their interacion in the marketplace, make decisions. High costs: economies of size, lack of coordinaion. Elements of health care system: elements of the u. s. health care system. More than 80,000 nursing homes and mental retardaion faciliies.

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