I need an explanation for this Health & Medical question to help me study.
respond to the following discussion post as a peer. The demand for health care is unlike most other goods because individuals allocate resources in order to both consume and produce health.
Specifically, individual demand for health care can be described as the level of actual consumption of a specific individual’s needs when they are facing an illness/injury. This consumption differs in accordance with demand factors such as income, cost of care, education, social norms and traditions, and the quality and appropriateness of the services provided (Wellay, et all., 2018).
In contrast, when it comes to aggregated demand for health care, the demand is represented by the total planned expenditures on all goods and services, not just a single good or service. For example, the impact of environmental factors within a given area may involve harmful air pollutants or contaminated water. These demand factors are then determined on all of the people in the given area versus the demand of health care of a specific individual. According to Dewar, researchers have found that using health care spending per person as a proxy measure for aggregate demand, most of the variation in health care demand between countries can be explained using just one variable: the country’s income. As a result, there is a positive correlation between income and the demand for health care: The wealthier the country, the more health care will be demanded because health care is a normal or superior good (Dewar, 2017).
Regardless, the demand for health care depends on age, education, income, insurance, the current market, and the current health of society.
-Mackenzie
References:
Dewar, D. M. (2017). Essentials of health economics (2nd ed.). Burlington, MA: Jones and Bartlett Learning. ISBN-13: 9781284054620
Wellay, T., Gebreslassie, M., Mesele, M., Gebretinsae, H., Ayele, B., Tewelde, A., & Zewedie, Y. (2018). Demand for health care service and associated factors among patients in the community of Tsegedie District, Northern Ethiopia. BMC health services research, 18(1), 697. https://doi.org/10.1186/s12913-018-3490-2
0 comments