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HEALTH CARE MARKET Dr. Nabilla Abdul Mohsein Al-Sadat
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HEALTH CARE MARKET Is health care different? What is a market? Model of perfect competition Mechanics of a market
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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
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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
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What is a market? input of resources Distribution of resources process of resources Efficientmanagement price
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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
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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
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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
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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
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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.
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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
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Selected health sector reforms-1
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Selected health sector reforms-2
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Selected health sector reforms-3
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Selected health sector reforms-4
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