Economics Principles in the Health Care Environment

Abstract: A 6 page outline of a presentation of the effect that health care costs have on the larger economy. The issue is whether basic economic principles such as supply and demand and price elasticity apply to health care. The superficial view is that health care is above the law of economic principles, but the fact is that it is not. The paper discusses increase in per capita spending from 1960 to 1998 and stresses that as more is spent on health care, there is less for families, individuals and the government to spend on other things including education and medical research. Bibliography lists 4 sources.

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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