HEALTH ECONOMICS
Health economics is a very unfamiliar subject even to the insurance providers. This is a branch of economics which basically deals with the scarcity of the supply and demand for health care and insurances in a certain place.
One focus of health economics is determining and analyzing the health care markets. These are the five health markets that affect the whole industry of health insurance:
* Health financing market
* Physician and nurses market
* Institutional Writer’s Market
* Input factors market
* Professional education market
The equilibrium of these five markets is important in order to sustain a well-balanced health and health care market.