HEALTH CARE MARKET Dr. Nabilla Abdul Mohsein Al-Sadat.

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Presentation transcript:

HEALTH CARE MARKET Dr. Nabilla Abdul Mohsein Al-Sadat

HEALTH CARE MARKET  Is health care different?  What is a market?  Model of perfect competition  Mechanics of a market

Goals of a health care system ä Universal and equal access to reasonable health care ä control of health care costs at an affordable level ä effective use of resources

model of a national hcs; it’s structure and functional interrelationships production of resources delivery of health care organization of resources management economicsupport pop Environment

What is a market? input of resources Distribution of resources process of resources Efficientmanagement price

Is health care different? ä Scarce resources ä requires allocation ä requires organization ä BUT ä both consumption and investment element ä costs ä direct involvement as well ä irreversible outcomes

HEALTH CARE MARKET  Is health care different?  Yes and No  What is a market?  A Market is an environment where producers and consumers exchange goods and services at a price

Model of perfect competition P Large numbers P no barriers to entry P no monopoly P no brand names P assumption of self-interest P no externalities P no risk or uncertainty

Main market failures in health care * Consumer rationality * Risk and uncertainty * Information * Externalities and public goods * competition and barriers to market entry * economies of scale and monopoly

HEALTH CARE MARKET  Model of perfect competition  conditions that must be met if a market is to allocate resource efficiently  The main market failures  refers to the situation in which these conditions are absent, or are contravened in one way or another.

Mechanics of the market P Supply and demand P Demand and supply schedules P price elasticity of demand P price elasticity of supply P efficiency of the market P market failure

Selected health sector reforms-1

Selected health sector reforms-2

Selected health sector reforms-3

Selected health sector reforms-4