Chapter 6-2.pptx - Chapter 6 Economic Influences on Population Health Sherri Mitchell Ryan Marie Willett Simon Elks Caitlin Hayward Economics The way a

Chapter 6-2.pptx - Chapter 6 Economic Influences on...

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Chapter 6 Economic Influences on Population Health Sherri Mitchell, Ryan- Marie Willett, Simon Elks & Caitlin Hayward
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Economics The way a society distributes its resources to address human wants and needs. Currently U.S. governments are in an economic crisis that affects the health of the nation and health care services provided. The economic crisis is due to: Tax Cuts Poor Economic Performance Increased Expenditures on Defence/National Security
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Economic Principles Affecting Health Always fewer resources than desired All resources have alternative uses Ideas differ on how resources are allocated
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Interrelationships between Economic Factors & Health Status Relationship between health & societal productivity/stability=Poor health leads to decreased economic growth and increased social instability/conflict. Relationship between health care spending & health care cost=The cost of healthcare increased at a faster rate than available resources. A higher percentage of our financial resources are going toward health care. 5% U.S. GDP(total goods and services produced in a year) in 1960 compared to 19.9% (estimated) in 2020 spent on health care. Relationship between socioeconomic factors & health Status=Lower socioeconomic status decreases health status due to barriers to social and educational opportunities for health promotion/prevention
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Factors contributing to escalating healthcare costs Poverty uninsured Elder population Speciality care Uncompensated care/cost shifting Increase in costs for prescription drugs
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