Health Economics and Reasons for Government Intervention in Health Care
Journal Title: BİLTÜRK Journal of Economics and Related Studies - Year 2019, Vol 1, Issue 1
Abstract
The first and most comprehensive study of health economics is Kenneth Arrow (1963) Uncertainty and Medical Care. One of the most fundamental issues of health economics is the market failures in the health market. Due to market failures, government's position and duties in the system are increasing. Because the government is forced to make regulatory actions to the market. The comparative analysis between the government and the private sector companies, which has increased its share in the system due to market failures, has widened the scope of health economics and increased its importance by including the financing dimension. In this study, concept of health economics will be evaluated in terms of definition and scope and the reasons for intervention of government to health services will be listed.
Authors and Affiliations
Hilmi Coban
Keywords
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