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Economic Terms and History Paper

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Economic Terms and History Paper
Vicki Sellers
HCS 440
July 10, 2014 David Disciascio

Economic Terms and History Paper
Health care economics have dramatically evolved throughout generations in this country. And those changes have caused a shift in how health care organizations to adjust their financial methods, strategies, and how they provide overall care. Health care economics has at times put a great burden on the health care industry such as the providers, the ones needing care, and the insurance companies who now help pay for that care. Health care facilities and companies continually have so many demands put on them with all the changes, it is not surprising that something has to suffer because of it and in our current economy, what seems to suffer most is the quality of care provided. Changes to health care and its delivery have also been impacted by technology, advances in medicine as well as different procedures and medicines
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People vary in their belief systems in what has caused the changes to health care economics. Some individuals believe that is due to various changes that United States have gone through since her birth. However many others believe that a lot of influence has been due to advances in technology and how those changes have impacted health care. What is most important is having an understanding of these changes and the impacts they have made on the health care industry over all throughout history. Comprehending the history of and how health care economics has changed, helps financial managers be more prepared for the future. Identifying how the flow of funds system works as will improve how those managers handle their individual facility’s health care economics. According to Getzen and Allen (2007), “at its most basic level, health care is a handful of economic transitions, in which patients purchase insurance, physicians…...

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