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History of Health Economics

In: Other Topics

Submitted By edwardcullen209
Words 765
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Looking back at the history of health care economics it has greatly evolved during it course and will continue to change. There are many factors that have influenced the changes of health care economics. Money and technology has definitely been the reason for the change of health care economics over the years. Money is want makes the economy evolve. There will be advancement in technology and there needs to be people are managing these to keep up with the changes. The U.S. has definitely progressed as far as influencing factors to change in new advancement of technology and medical care. Having a good financial manager in your organization will prepare for these upcoming advancements and changes. Money drives these advancements in providing successful health care industries.
Most of the funding that comes to make these changes comes from insurance companies but it also affects patients. Patients have to pay for insurance and the money adds up. It can be very expensive to pay for health insurance as well as medical bills and prescription medication. Today in society we provide services in health care for money. Money creates revenue for the organization can pay for supplies, workers, and other things to keep the organization running. Before money was involved physicians would trade in their skills and work for supplies to help you live such as food, tools, cotton etc.
In 1929 the first health care insurance plan was created for population. Before that time there had been some form of health care available during the civil war. In the 1930s and 40s, the American Medical Association was created to help physicians receive money for giving medical services. Blue Cross Blue Shield was created to provide private insurance for hospitalization for patients. In the 1950 and 60s Medicare and Medicaid was created by the government to fund for individuals who cannot afford

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