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Health Economics and Finance - Essay

   

Added on  2021-02-19

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Health economicsandfinance
Health Economics and Finance - Essay_1

Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................3Medical tourism and its implications in demand and supply of health care in a Australia.........3CONCLUSION ...............................................................................................................................9REFERENCES..............................................................................................................................10
Health Economics and Finance - Essay_2

INTRODUCTIONHealth economics and financing is the health system and functions which is concernedwith the mobilization, accumulation and allocation of resource that is covers the health of people.This is serves as prefect primer for the economic analysis of the medical market. This isimportant aspects for considering health of people in proper manner (Hira, 2016). The presentessay is based on the “Medical tourism and policy implications in demand and supply of healthcare in a Australia”. Medical tourism has a significant impact on the country national economyas well as on demand and supply have influenced this change of direction. The main objective ofthis essay is to explore and highlight a health economics perspective effects on medical tourismin Australia. The paper will explore the history of medical tourism: its development and currentfrom the perspective of microeconomic theory including the evaluation of resources and tradeoff. The will apply principles related to health such as what drives demand and supply,opportunity cost and its impact on resources. MAIN BODYMedical tourism and its implications in demand and supply of health care in a Australia.Medical tourism is the where people if live in one country, move and travel for takingbest medical treatment like dental and surgical care while at the same time receiving equal to ormore greater care in the world. They have in their own country and are travelling for medicalcare because of affordability in order to better access to care or a affordable. It is very importantto note that there is a distinction between a medical tourist and a medical traveller, both aredesirable, medical tourism is provide more general economic advantage, particularly in thetourism industry (Brick, 2017) . On the other side, medical tourism has had the major growth inthe recent year. As such, the patient mobility is increasing the both way in developed anddeveloping country. This will help to severs sources and destination market. There are some keyfactors which are increase in medical travel over the last two which are as follows:Rising cost of health care in industrialised countries.Reduce language barriersTrade liberalisationLower transport costsAt the lower end, the number of foreigners are looking for medical treatment across aninternational border was estimated to be the 60000 to 81000 people per year on the basis of 2008.
Health Economics and Finance - Essay_3

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