Course 

NR 552 Economics Of Healthcare Policy

Instructions  

Review Figure 1.3, 1.4, 1.5, 1.6, and Table 1.2 from Chapter 1: Economics and Efficiency, from the Olsen text (2009).

Discuss the relationship between health, wealth, and healthcare in the United States.

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SOLUTION 

Individuals or countries with greater income usually have a lower likelihood of diseases and subsequently premature death (Woolf, Aron, Dubay, Simon, Zimmerman, & Luk, 2015). Individuals in the middle class are healthier than those in the lower class but also less healthy than those in the upper class. Similarly, poor countries have poor healthcare systems due to low income hence the poor health of their citizens (Woolf et al., 2015). Therefore, the greater the income, the greater the wealth hence better healthcare and subsequently, improved, health.

According to Olsen (2017), health basically deals with the social, physical, and mental dimensions. Healthcare comprises rehabilitation, prevention, care and cure (Olsen, 2017). The expected increase in quantity and quality of life are used to measure health gains (Olsen, 2017). Health care has positive effects on health hence the reason for its consumption (Olsen, 2017). Bringing in wealth, poverty reduction significantly improves life expectancy. Based on figure 1.3 and 1.4, increased resources on health care has significant effects on longevity.….please click the purchase button below to access the entire solution at $5