About health economics
we are going to about the economics of health care. Healthcare is different from the other markets we talked about. Adrienne: If you have a heart attack, you’re not going to go shopping for it Best priced hospital. A hospital emergency room will not wait for you Go through a credit card before they treat you. But we are way ahead of ourselves. Let’s get started. For many reasons, health care is different from the other markets we talked about. First, you don’t know when you need it. Scheduling is quite difficult Get off your bike and break your arm. Once you break your arm, take that trip The emergency room will be expensive. This is why we have health insurance, whether private or public.
Private insurance companies Collect money in the form of installments paid by individuals or their employers from time to time. Government insurance programs collect money from taxpayers. You may hear that some countries have free health care, but it is not “free.” They pay for it: either directly, through insurance companies, or through taxes. Let’s set all the details in the thought bubble. Jacob: So, Canada has a general insurance system. Doctors’ offices are private businesses that are paid directly by the government. But, hospitals and operating tables are a common property. Hospital staff are public servants, just like public schools. This is often referred to as a single payment method because the government pays a lot.
Canadians pay for prescription drugs, eyeglasses and dental treatment Or get them through additional personal insurance.France does not technically have a single payment system because of health care providers Nonprofit insurance is paid for by several funds. All citizens need health insurance and are free to choose their doctor.The UK is still different. It has a socialized health care system that is funded and regulated By the government through taxes. The majority of doctors, specialists and hospitals All are paid by the government, not the insurance companies. Today, the United States has very little! Almost all providers – hospitals, clinics, doctors Uses – Private companies.
But for those over 65 in the US and below the poverty line, there is a single payment system. Medicare is a taxpayer-funded public insurer that pays suppliers to look after seniors. Medicaid is a similar program for low-income families. , and the US has a small UK style that has government hospitals and government doctors. But it is only for veterans and is called VA. Adrienne: Thanks for the thought bubble. So let’s get down to a few numbers. Econometrics evaluates the effectiveness of a health care system on three criteria: access, cost and quality. According to the 2014 Census Bureau, 10.4% of Americans had no health insurance coverage, down from 13.3% in 2013. Two-thirds of Americans obtain health insurance through a private insurer. The vast majority They got coverage through their employer, while others bought individual plans. About one-third of Americans obtain health insurance through a taxpayer-funded government insurance plan Such as Medicare, Medicaid, VA, and health care services for military and their families on active duty. So, two thirds, one third, and 10% uninsured adds up to 100%. The reason Anyone who switches from private insurance to general insurance is counted in two numbers.
That’s the way the census does it. Let’s a little bit about the uninsured. Humans compared to the general population Without insurance you can be quite young, low income and racially diverse. Because Medicaid covers people who are at or near the poverty line, those who are not covered are generally not completely helpless. They often work part-time or low-paying jobs, which is above the medical limit. But their employers do not offer insurance to part-time workers. In case of an uninsured person When sick or hit by a bus, they can easily get stuck with six medical bills. Those unpaid medical expenses increase the costs of everyone.This brings us to health care costs. The good news is Americans – we are number one ! Well, of course, it’s not that great. In 2012, the United States spent an average of $ 8,745 per person in health care. Wealthy countries like Switzerland and Norway have spent less than $ 6,000 and countries Expenses in Germany, France, the United Kingdom and Japan range from $ 3-5,000. So the United States spends twice as much per person as many other developed countries. Put another way, the US is spending