Demand Curve In Health Care

The law of demand states there is an inverse relationship between the service that a person willing to purchase and the sacrifice that one makes to obtain it. When prices of an items are high the purchase are less, and when the price is less we tend to purchase more, and vice versa. The demand of health care is high (Henderson, 2015). The issues at hand, I am describing what make the health care curves shift to the right , what slows downs the demands curves and what what flatten the supply curves in health care.

Age, race and culture are contributing factor that affecting the health population. This cause the demand curve to shift these factors are important, as well as, policy makers are interested in economics factors that affect the demand shift to the right as well. Other factors are individual income, the level of out of pocket spending, and the availability to purchase medical insurance and the demand for physicians this cause the curves to shift the right. On the other hand, physicians also, act as advisors to their patients can enhance the providing services. They are another

Productivity which basically means the cost of the process to produce the goods. New technology and innovation can flatten the curve such as, Freestanding emergency centers in Texas, Colorado, and Arizona. This means you can produce services that are more accessible, cheaply, and increase in buildings don’t mean that you have enough money for these productions. This would cause prices to shift the supply curve causing curves to slow down. Another example, if the government regulate policy to make the workplace safer but slowing down production, this would cause a decrease in supply and increase quantity In a capitalist country, it’s hard to deny that firms have all the available goods to accommodate an increase in the demand without rise in cost’ which would causing a steeper and flatter curve in health