Why the Economic Aspects of Healthcare are not Unique
Journal Title: Sultan Qaboos University Medical Journal - Year 2020, Vol 20, Issue 2
Abstract
Frequent claims suggest that healthcare and its production are not only different from other goods, but that they differ to such an extent that healthcare should be viewed as unique. Various features of healthcare, such as the lack of a perfect market and the existence of information asymmetry, are cited as evidence of this claim. However, such a view results from unduly emphasising the characteristics of healthcare as being atypical. This article redresses this imbalance by taking an alternative approach and examines the ways in which the economic aspects of healthcare are similar to those of other goods. It was found that the differential aspects are less distinctive than claimed and the economic aspects of healthcare are not unique. Keywords: Healthcare Sector; Medical Economics; Economic Competition; Competitive Behavior; State Medicine; Insurance Selection Bias; Patient Participation; Health Services Research.
Authors and Affiliations
Stephen Chambers
Keywords
Related Articles
- EP ID EP686853
- DOI -
- Views 208
- Downloads 0
Te Role of Mathematics on Human Structure
The Legacy of Robert Koch Surmise, search, substantiate
Epidemiology, Outcomes and Coronary Angiography Findings of Patients Following Out-of-Hospital Cardiac Arrest A single-centre experience from Oman
Objectives: Out-of-hospital cardiac arrests (OHCAs) are a leading cause of death worldwide. However, data regarding the management and outcomes of affected patients are lacking in the Middle East. Te current study aimed...
Randomised Trial of Oral Misoprostol Versus Manual Vacuum Aspiration for the Treatment of Incomplete Abortion at a Nigerian Tertiary Hospital
Objectives: This study aimed to compare the efficacy of oral misoprostol with manual vacuum aspiration (MVA) in first trimester incomplete abortions. Methods: This randomised controlled trial study was conducted at the U...
How a Brain Tumour took over my Life Diagnosis and removal of a benign meningioma