Health Care Economics Essays

Health Care Economics Essays-29
The key characteristic of this mode of influence is particular economists in powerful positions either making policy or giving advice to those who determine policies.Examples of economists in influential positions include the Council of Economic Advisors, and economists serving as the head of central banks or transnational institutions such as the World Bank or International Monetary Fund.

The key characteristic of this mode of influence is particular economists in powerful positions either making policy or giving advice to those who determine policies.Examples of economists in influential positions include the Council of Economic Advisors, and economists serving as the head of central banks or transnational institutions such as the World Bank or International Monetary Fund.

Such a study requires intertwining two histories: the postwar development of the academic subfield of health economics, and the history of U. This process requires the designation of experts, persuasion as to the reliability of theory or evidence, conveying knowledge to policy makers, and the actual crafting of any proposed legislation within a political environment. This case study provides a broader exploration into how scientific expert advice becomes operationalized in society, which in the case of health policy in the U.

S., has remained salient up to the present with the recent passage of the Affordable Care Act in 2010., John Rust considers whether economic studies have influenced policy, and sees little evidence.

This paper investigates the ways in which evidence about the U. healthcare system has been produced, evaluated, and translated into healthcare policy.

The main argument of this essay is that there was a shift in the dominant mode of influence of economics.

The establishment of economic policy devices refers to tools that produce knowledge and make the economic visible (such as GDP, inflation indices, or unemployment rate), as well as tools that assist in decision making, such as cost-benefit analysis or guidelines to assess the effects of mergers (Hirschman and Berman, 2014).

The main argument of this essay is that there was a shift in the dominant mode of influence of economics, from the institutional position mode being most important through the 1960s, but replaced by the increasing importance of the cognitive infrastructure provided by the field of health economics by the 1990s.

The data collected through these efforts would give healthcare policy an empirical granularity previously unseen. Even early on, in the 1910s and 1920s, progressive reformers proposed various policies, including state-based compulsory insurance or group medicine“modest ideas, but enough to raise opposition, and the term ‘socialized medicine’ was born” (Hoffman, 2009).

Healthcare has caused a long history of heated debate in U. At the center of the early advocacy for health insurance was the American Association for Labor Legislation (AALL).

In using this lens to analyze the influence of health economists, this essay also refines the conventional history.

The conventional history tells the story as a transition from prewar Institutionalists who had big ideas but little specific policy influence, to a postwar theoretical literature which offered only broad proposals, to ultimately an empirical literature beginning in the 1970s which finally offered guidance on the nuts and bolts of policy, culminating with the 2010 Affordable Care Act which was heavily influenced by health economics (Glied and Miller, 2015).

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