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  1. Economics in health care affects an individual’s ability to pay for and receive health care, the ability of an institution to provide health care services, and nurses’ ability to provide safe, quality care to the communities they serve.

  2. Economics is the study of how individuals and societies make decisions about how to use their limited resources. Health care is considered a limited resource because there isn’t enough money or time in the world to purchase and provide care for every individual in every conceivable manner. The ethical question of who pays for that care is ...

  3. 13 Ιαν 2017 · Health economics is the study of how limited resources are used in the health care industry and how they affect health care systems. It aims to provide the best quality health care to as many people as possible given financial constraints.

  4. Health economics” as a course is meant to give medical, health officer and other paramedical students basic principles regarding economics and its application to the health sector.

  5. As healthcare professionals are becoming more involved in national policy implementation, and with cur-rent economic climate, where clinicians are charged with the responsibility of achieving more with limited resources, the knowledge of health economics will become even more important.

  6. Health economics views health and health care as an economic good (as in goods and services) and is predominately concerned with how society uses scarce health care resources to meet these wants and needs.

  7. An overview of economic evaluation methods and a real-world example applying one method of economic evaluation (cost-utility analysis) in nursing research are provided. Due to limited resources and constant, ever-changing healthcare challenges, health economics is essential to support healthcare decisions while improving health outcomes.