M1: Is healthcare really different?
3 important questions on M1: Is healthcare really different?
Difference between economic sustainability & financial sustainability
Economic: Ensuring value for money (HE)
Financial: How to pay for spending growth?
Financial: How to pay for spending growth?
Non-market institutions in healthcare:
- Professional licensure
- Not-for-profit organizations
- Restrictions on provider advertising
- “Any-willing-provider” laws
- Social health insurance
- Supply regulation (e.g. of entry and capacity)
- Price regulation
- Quality regulation
- Public provision of health care (e.g. NHS)
Why health economics?
Health economics provides concepts and tools to understand the difficult trade-offs involved in organizing the allocation of scarce resources in the healthcare sector, which may help to improve health policy and health system design.
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