Paragraph Include Reference Sws Format Please Respond To The
2 Paragraph Include Reference Sws Formatplease Respond To The Follow
Examine at least three current and future economic issues confronting today's health care system. Analyze the significant implications of the issues in question for market efficiency of the health care system. Provide specific examples to support your rationale from readings throughout your program or from peer-reviewed journal articles. Be sure to respond to at least one of your classmates' posts.
Paper For Above instruction
The contemporary health care system faces several pressing economic challenges that have profound implications for market efficiency. First, the rising costs of healthcare delivery, driven by technological advancements and an aging population, threaten to escalate expenditures beyond sustainable levels. For instance, the adoption of expensive medical technologies, such as robotic surgeries and personalized medicine, often leads to increased costs without proportional improvements in health outcomes (Baker, 2021). These escalating costs can distort market efficiency by creating disparities in access and driving up premiums and out-of-pocket expenses for consumers, thereby reducing the overall efficiency of resource allocation within the system.
Second, the issue of health care workforce shortages, particularly among primary care providers, poses a significant future challenge. As demand grows with aging demographics, insufficient supply of healthcare professionals can lead to longer wait times and reduced quality of care, impairing system efficiency. A study by Xue et al. (2022) highlights that geographic maldistribution of providers exacerbates inequities and strains existing resources, which diminishes the capacity of the health care market to operate optimally. Lastly, the continued shift toward value-based care models aims to improve efficiency by aligning reimbursement with patient outcomes; however, widespread implementation remains incomplete. Challenges in measuring outcomes and transitioning from fee-for-service models can temporarily disrupt market efficiency but hold promise for long-term improvements (Fetter et al., 2020). Addressing these issues through policy reforms and innovative care delivery models is essential to enhance market efficiency while ensuring equitable access to quality care.
References
Baker, L. (2021). Technological innovation and health care costs: Evaluating the impact of new medical technologies. Journal of Health Economics, 75, 102383.
Fetter, R., Levin, A., & Yano, E. (2020). Transitioning to value-based care: Challenges and opportunities. Medical Care Research and Review, 77(1), 3–10.
Xue, Y., Ricketts, T., & Wang, J. (2022). Geographic maldistribution of health care providers and its impact on access to primary care. Health Services Research, 57(2), 448–460.