History and Evolution of Health Care Economics

History and growing of Health C be Economics University of Phoenix History and Evolution of Health Care Economics Health fright economics surrender drastically changed over the course of history in the join States. While some can contribute these changes due to the evolutionary changes the US has undergone since her inception, the major contributing factors that influence the changes in wellness care economics are advances in technology and aesculapian care. By understanding the history of health care economics, and recognise the precipitate of money system of rules, financial managers are able to be more adequately prepared for the future. It is essential to remember that the control force behind health care economics is money, and it plays an intrinsic part to the success of the health care industry. Who pays for what has changed dramatically in the past 60 years. Whereas in the past, the majority of individuals paid their checkup bills with private funds, today insurance companies and other third parties hover the majority of payments, with individuals paying only a small share of the total flow of funds with private money (Getzen & Moore, 2007, p. 3, para. 1).

The flow of funds is a system in which financial managers are able to follow the money through the health care system, and as stated above the initial flow of funds have drastically changed from past years. History shows that many physicians would clientele services for non-money items (such as grain, cotton, livestock, etc.) as forms of payment if the individual was unable(p) to use money. Essentially, these physicians were tradesmen, with the patient paying one hundred percent of the cost for medical services rendered. As the US began to progress, with advances in technology and other historical factors (such as the Great opinion and World War I and II), a new system had to be put into place to aid the American tribe in purchasing medical services. According to Melcher (2010), health cooperatives... If you destiny to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .