- Economics of healthcare or healthcare economics
- Economics benefits from data analysis
- Health Informatics supports Health Economics
- Financing determines:
- Who has access, who does not have access to, healthcare
- Who gets more, who gets less, healthcare
- Health equity/equality or inequality/inequity
- ESRD is the only disease with universal coverage in US
- On 30 oct ober 197 2 President Richard Nixon signed the Social Security Amendments of 1972, one provision of which extended Medicare coverage to persons with chronic renal failure.
- ESRD patients, who constitute 1 percent of the Medicare beneficiary population, consume 7 percent of all Medicare expenditures.
- US Health Insurance
- Influence of Financing on the delibery of healthcare
- Question: Does more resources (% of GDP spent on healthcare) lead to better health?
- more investment in medical technology lead to better health?
- The case of Nevada vs Utah
- Market: supply and demand
- Moral Hazard
- Adverse Selection
- Payment Models
- Fee for Service
- Bundled Payment (e.g., ESRD)
- Value-based purchasing
- Options : Public and Private
- Public
- Medicare
- Medicaid
- Indian Health Service
- DoD
- VA
- Healthcare Fraud and its prevention