HCM3002 Economics Of Healthcare W1 Assignment 2 Discussion

Healthcare Costs

"U.S. bloom affliction spending grew 3.6 percent in 2013, extensive $2.9 abundance or $9,255 per person.  As a allotment of the nation's Gross Domestic Product, bloom spending accounted for 17.4 percent (Micah et al., 2011).

Using the aloft advice and alternative advice you will be directed to below, do the following:

  • Define the bread-and-butter assumption of befalling cost.
  • Locate accepted GDP expenditures and accurate the percentages in a blueprint or a chart.   
    You will acquisition the all-important advice either on the October 16th, 2014 column of the Bloom Affairs Blog or on alternative websites that accommodate accordant information: Slow Bloom Affliction Spending Growth Moderates GDP Growth InThe Short Term And Policy Targets Should Reflect This.
  • Explain whether spending 17.4% of GDP is too abundant or too little to absorb on healthcare.
  • Defend your position application the abstraction of befalling amount and highlight specific GDP expenditures that are impacted by healthcare amount (opportunity cost).

Reference:

Micah, H., Martin A. B., Benson, J., Catlin, A., & The National Bloom Expenditure
           Accounts Team (2011). National Bloom Spending In 2011: Overall Growth
           Remains Low, But Some Payers And Services Show Signs Of Acceleration.
           Health Affairs. Retrieved from http://content.healthaffairs.org/content/32/
           1/87.abstract

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