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Economic History and Health Care Funding

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Economic History and Health Care Funding

Monica Williams

HCS/440

July 1, 2013
GEOFFREY SUSZKOWSKI

Economic History and Health Care Funding The paper that is being written is covering the history of economics and how the economy and health care funding has changed. The paper will reveal how the two compare in today’s society. It will evaluate the money used to fund certain health care services such as Medicaid/ Medicare, HMO’s, and how places like hospitals and nursing homes receive compensation for taking care of patients. The paper will also go into detail of how elderly pay to have certain services such as home health services provide care in their place of residence. One must wonder what economic history and health care funding is. Well economic history is the way people with supply and demand which is how the price of a commodity or commodities are determined; the cost of the production of a product that is being made, wealth and the level of income, and the structure and operation of overseas trade. Some would believe that Health care funding is how most people can afford health care, seeing that the cost of receiving it is very high. With that being said, the government did not fund health care like they do now. There were no health care programs like the ones that are available today. Back in the old days people would be able to afford health care only if they could pay their doctor in food or whatever little money they had. Economic History and Evolution Health care has come a long way where it used to be. Economics in health care has radically changed over the course of history in the United States. “Economics is the science that deals with the production, distribution and consumption of goods and services.”(Economic Terms, 2013.) One can say that the major contributing factor that cause the…...

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