Health Care Economics

Catalog description

(Formerly HCA 310) The economics of the health care industry will be reviewed with an emphasis on the supply and demand for healthcare services. Critical issues that will be examined include: the evolution of the healthcare industry in the United States, economic mechanisms of the industry, methods of payment, cost effectiveness, cost/benefit analysis, national health insurance plans, financial incentives for physician reimbursements, and governmental subsidization and control. The economics of the present health care system will also be analyzed in relation to poor and minority groups. The United States healthcare system will be discussed from the evaluation of the World Health Organization.