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Learning Objectives. Understand how the difference medical markets are interrelatedTrace through the effect of a change in demands on each of the medical marketsTrace through a change in support on each of the medical marketsIllustrate how a change in supply or demand will affect the distribution of medical services.
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1. HSCI 517 Health Economics and National Health Policy Chapter 3 An Overview of the Medical Care Sector
2. Learning Objectives Understand how the difference medical markets are interrelated
Trace through the effect of a change in demands on each of the medical markets
Trace through a change in support on each of the medical markets
Illustrate how a change in supply or demand will affect the distribution of medical services
3. Description of the Medical Care Market Total private and public expenditures for Personal health care services
Note the changes from 1965 to 2002
Total amount and percentage distribution of personal health care expenditures by source of funds.
4. Overview of the medical care sector Instructional Market
Hospitals, providers, etc
Manpower and Factor Market
Labor market, financial markets, etc
Educational Markets
Universities, trade programs, et
5. Demand and Supply Policy Trace the impact of demand or supploy policy changes on the various markets
Elasticity of each sub-market has an impact on what the final outcome will be
Impact on prices and medical services when there are difference supply elasticities