Essay on The Estimation Of Health Production Function

Essay on The Estimation Of Health Production Function

Length: 1367 words (3.9 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

The Estimation of Health Production Function in the
United States 2010
Health economics is an important and growing field in Economics. The health sector accounts for over one-sixth of the U.S. economy, and its share of gross domestic product (GDP) is expected to grow each year. The healthcare costs in the United States have shown an upward trend in recent years as well. According to the World Health Organization (WHO), total healthcare spending in the U.S. continued to grow from 13.4% of its GDP in 2000 to become 15.2 % of the GDP In 2008. Based on the prediction of Health and Human Services Department, the historical growth of health share of the U.S. GDP will continue to hit 19.5% of GDP by 2017. The health sector has been experiencing high rates of inflation due to the increased demand for health services. People may be buying more health services. Patients may be consulting with health care providers more frequently.
The importance of health sector is also reflected through the share of personal income spent on medical care and the number of jobs in the health economy. For example, in 2009 consumers spent 17.9 % of their budget on health care which was greater than the percentage spent on food (13.8%).In 1970, there were 334,000 physicians (or 164 physicians per 100,000 people) whereas in 2009 this number had grown dramatically to become 972,000 physicians (or 317 per 100,000 people). The number of registered nurses had more than tripled by 2009.
Determining which factors contribute to an individual 's health status would greatly contribute to society in general. One of the benefits of determining the by determining the extent to which the variables affect health status, it will show the individuals how they ...

... middle of paper ...

...and the health status of countries in the sample, which is useful for health care policy decisions.
6. Pedro Hemsley and Lavinia Hollanda 2012: This paper investigates the impact of low-cost health centers on child mortality in Brazil. The paper shows that low-complexity treatments on a large scale are more relevant to reduction of child mortality than high-complexity in a small scale. It also shows that increasing the number of hospitals available has larger impact on child mortality. In addition, the paper shows that the more educated people are the better use they will make of low-complexity health centers. On contrast with Thornton’s study (2002), the results indicate that additional health care decreases mortality. Also, increasing health centers per capita decreases mortality through access to basic services and make high complexity hospitals more effective.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Basic Roles Production And Cost Estimation Essay

- Chapter eight, nine and ten all discuss the different roles production can have. Chapter eight discusses cost in the short run, chapter nine discusses cost in the long run and chapter ten discusses production and cost estimation. This summary is on chapter eight. To become technical efficient a company must maximize output. This maximization includes tacking advantage of different variables to include technology. For a company to become economically efficient the output should be at the lowest cost....   [tags: Economics, Costs, Economics of production, Cost]

Better Essays
774 words (2.2 pages)

The Function of Production Essay

- The Function of Production The main function of production is making the goods or services which the business or company provides. This includes using expenses and resources including: * Buildings and land, like offices, factories and shops * Necessary equipment, like vehicles, computers and factory machinery * People, such as operators, managers and support staff * Raw materials and materials, such as products for retailing and materials to build up the business, like construction work These are the two most important roles, which are key to managing production....   [tags: Papers]

Free Essays
1363 words (3.9 pages)

Essay on The Structure And Function Of Public Health

- Heart disease the driving force behind the death rate in the United States, also ranking first among both genders (The Heart Foundation, 2015). Take control of your health conditions and make healthy choices on what your body consumes can help reduce your chances of developing heart disease. However, people of the community and families can cooperate to the contingency of the people to make better health choices. The duties of public health officers perform at numerous levels from regional to national, to international....   [tags: Public health, Health care, Health, Medicine]

Better Essays
914 words (2.6 pages)

The Function Of Health Care Essay

- Introduction The function of health care is to provide preventive, diagnostic treatment and emergency care for the citizens of a country, and healthcare organizations have evolved a lot over the years There are a lot of important aspects of an excellent running HCO; patient care, good providers, affordable health care, and location just to name a few. Health Care Organizations are a vital part of the community with helping people with their health care needs. Patients should be comfortable with their care and their providers and their staff, having a caring, and inviting environment is imperative....   [tags: Health care, Health insurance, Hospital, Medicine]

Better Essays
1284 words (3.7 pages)

Demand Estimation : A Product Or Service Essay

- Demand Estimation is a process that involves coming up with an estimate of the amount for a product or service. This demand is typically confined to a particular time period such as a month, quarter or year. According to Luke Arthur, “Demand Estimation not away to predict the future of any business, it can be used to come up with some fairly accurate estimates if the assumption are made correctly. One of the reason companies use demand estimation is pricing, when you offer a new product or start a new business you may not have an idea on how to price your product....   [tags: Supply and demand, Consumer theory]

Better Essays
860 words (2.5 pages)

Essay about Efficient Channel Estimation Method for MIMO-OFDM System

- VARIABLE LEAKY LEAST MEAN SQUARE (VLLMS) The cost function of conventional LMS [15] does not take care of drifting the Wn in presence of external disturbance. Therefore to overcome from this problem we have consider Leaky LMS with the cost function as Jn=e_n^2+γw_n^T w_n (9) Where γ should be choose between 0 and 1 so that to avoid drifting parameter....   [tags: fixing the cost function]

Better Essays
1429 words (4.1 pages)

Early Speculation Regarding Weight Conscientiousness And The Estimation Of Calories

- Summary Early speculation regarding weight conscientiousness and the estimation of calories in a meal suggested that those with more concern over their weight status would be more likely to correctly guess the amount of calories in a given meal. However, Chernev presents an experiment conducted surrounding the “dieter’s paradox,” a concept that describes how those who more closely monitor their weight are often most susceptible to overestimating the power of adding one healthy item to an overall unhealthy meal....   [tags: Nutrition, Obesity, Health, Food]

Better Essays
1038 words (3 pages)

The Cobb-Douglas Production Function for South Africa Essay

- Introduction For every firm to produce goods it needs inputs such as capital and labour. Mankiw (2005) refers to capital set of tools that workers use in the process of production e.g. Machineries such as computers whereas labour refers to the hours that employee invest working. Production function refers to the output of a firm, an industry or an entire economy for all combination of inputs (Banaeian and Zangeneh, 2001).Economists use production function to precise the relationship between labour and capital and according to Mankiw (2005)....   [tags: South African productivity]

Better Essays
2429 words (6.9 pages)

Forecasting US Oil Production Essays

- 1. Introduction Oil production in US has been experiencing fluctuation for a long period and there is a need to identify whether there has been a trend in oil production for the period from 1980 to 2008. This analysis could be of interest to the energy administration commission and the government for the purpose of planning for the amount of crude oil that can be allowed for export as well as for the purpose of planning investment in infrastructure for other energy sources. (Bp, 2013) In addition, the study will be seeking to identify the effect on accuracy of using different periods in computing moving average....   [tags: oil production, petroleum]

Better Essays
1757 words (5 pages)

Production Line Inspection Essay

- Any production line involves some form of inspection; the most basic form is manual visual inspection. This kind of inspection is not always the least expensive or the most reliable. For example, metal sheets are monitored visually by trained personnel, which require a very slow production line for reliable detection and to insure the inspector’s safety. Such systems are very costly due to the slower production speed; they are also labor intensive and labor dependent and need to be a separate stage to avoid production line interruptions....   [tags: Production]

Better Essays
822 words (2.3 pages)