Health Care Economics: Does It Benefit The Person?
In health care economics, people who makes the choice can include physician, patient, provider, the payer and I believe that sellers have also some kind of decisions to make at some point, however it might not be the case in every situation.
2. Choice made are driven by marginal principles with the aim to reach economic optimization. It is unnecessary to use money for care that will not benefit you-meaning, the cost of a commodity should not be above the benefits. For example, a patient with terminal cancer who has few months to live, how will buying expensive drugs benefit the person? It will be better for the person to be put on palliative or hospice care; medical costs are rising, so are cancer drugs. These choices also have an impact
2. Choice made are driven by marginal principles with the aim to reach economic optimization. It is unnecessary to use money for care that will not benefit you-meaning, the cost of a commodity should not be above the benefits. For example, a patient with terminal cancer who has few months to live, how will buying expensive drugs benefit the person? It will be better for the person to be put on palliative or hospice care; medical costs are rising, so are cancer drugs. These choices also have an impact