Health Economy Essay Example | Topics and Well Written Essays - 1000 words

Health Economy - Essay Example (Fagnani, 1999). Principles Health economy plays an integral part in a country’s economy. The recent economic downturn has resulted in serious issues and one among them is the poor management of health economy. As the economic status of common people has gone through a tough phase, the government must help them in managing their medical expenses. This can be achieved by incorporating certain unique principles that would minimize their expenses. Insurance is one among the popular approaches that has been in use for many years. The main aim of insurance is to help the patients during surgeries or unexpected health problems. (Gruber, 2006). The insurance companies collect a minimum amount form the patients who enroll in their companies. This minimum premium amount is returned back to the investors during times of crisis. In this method, the investors are benefited since they receive the required amount of money when they are in need. This helps in the improvement of health econom y. Health financing agencies and organizations must be made compulsory in all the countries. This will ensure that the patients experience the entire benefit of the insurance scheme. (Kephart, 2007). Though this seems to be an efficient task, the amount of compensation is comparatively less. This leads to a situation where people do not get to experience the full benefits of the insurance policies. Most of the insurance policies include certain constraints that specify various restrictions. As these pre- conditions are not specified well in advance, it creates problem during the time of reimbursement. People find it difficult to manage with the amount provided by the insurance companies. Another option is to include discounting options in the medical bills. (Health Care, 2010)....   This essay discusses that the proposed evaluation method uses several concepts that enable the officials and the patients to have complete control over their medical expense. This also analyzes the medical expense incurred for a particular treatment. This enables the patient to be sure of the cost of each and every treatment. As the cost is known well in advance, the problem of huge medical bills is eradicated. Since the patients have an idea about the total cost of their treatment, they can easily pay back the money without much hassle.   Apart from this, the potential requirement of discount is more when compared to the other facilities. People are used to discounts and they prefer to get a certain amount at a discount from their medical bills. A clear analysis will help the hospital management and the concerned government to have a control over the health economy. In turn, will help them to maintain a stable facilitation that helps people.      Ã‚  Health economy is one that requires more attention when compared to the other ones in a country. Health intervention principles and policies lend a helping hand to the patients as well as the government in dealing with the increasing medical bills. The cost of implementing an evaluation method or a system depends on the hospital management and the concerned government. Even if the cost of implementing an evaluation system is more, the government must provide the necessary funds to implement them. This will certainly improve the existing situation and will help the patients at times of crisis.   Ã‚  Ã‚