10/4 notes Flashcards
two aspects to healthcare
1)the service provided by medical professionals
2)small % of ppl in the US receive medical care from a government doctor
what is something always comapred between countries
longevity and lifespan
what is a way to pay for health care
health insurance
when was the US peak for lifespan and why did it drop
2016: 78.8 years ->age dropped because of accidental deaths largely caused by overdose
what is health care itself
a market
how many people in the US does medicare and medicaid cover
44%
medicare
status is have to be at least 65 years old
medicaid
means test:money /income has to be below a certain level
what are the three things that play into health care
1)quality
2)cost
3)access
for the three things that play into healthcare can you have it all?
No, you can improve two of these things, but you can’t have it all
insurance policy for USA
medicare, Medicaid and employer based policy
Canada insurance policy
single payer system and private hospitals
single payer system
government provides insurance through taxes
-same insurance/socialized insurance
UK insurance policy
-socialized system, no health insurance
-public employed doctors (govnt employees)
Japan insurance policy
health insurance comes from professional groups
-if you dont have a group, get it from govnt
-VERY high copay, 20-30%
fee for service
method in which doctors and other health care providers are paid for each service performed
HMO
health insurance plan that usually limits coverage to care from doctors who work for or contract with HMO. Generally wont cover out of network care
PPO (preferred primary organization)
type of medical plan in which coverage is provided to participants through network of selected healthcare providers such as hospitals and physicians
asymmetric information
when buying or selling something someone knows something the other does not that is often important
moral hazard
you will live less safely because you have health insurance that will take care of it