Health

Health Economics is an applied field of study that allows for the systematic and rigorous examination of the problems faced in promoting health for all. By applying economic theories of consumer, producer and social choice, health economics aims to understand the behavior of individuals, health care providers, public and private organizations, and governments in decision-making.

Care

It is a segment of economic study pertaining to the value, effectiveness, and efficiency in health care services. Health care economics is a segment of economic study pertaining to the value, effectiveness, and efficiency in medical care and health care services and issues. The study of health care, from an economic perspective, requires taking a broad lens on a complex system with a wide variety of stakeholders.

Money
An officially-issued legal tender generally consisting of currency and coin. Money is the circulating medium of exchange as defined by a government. Money is often synonymous with cash, including negotiable instruments such as checks. Each country has its own money, or currency, that is used as a medium of exchange within that country (some countries share a type of currency, such as the euro used by the European Union).

The Health Care System are Sick -How can we heal it ??

The Problem:

A fundamental problem within our world today, is our current Health Care Systems.
One of the major problems within it is the general lack of healthcare for those who do not possess enough money to obtain it. Even when considering the average MIDDLE CLASS FAMILY they are also being driven to a point of not being able to afford basic health care due to the current healthcare systems being based more on profit and loss instead of being based within the consideration and support of life.Here we are looking at the DIMENSION OF EDUCATION where we have so many job vacancies within the nursing field, yet what is not being considered is that MOST of our country's population are poverty stricken and are not even able to ascertain where there meals for next week will come from.The problems with healthcare stretch much further than this…

Currently healthcare goes hand in hand with money. If you have lots of money, then you can go to sleep at night knowing that if anything were to happen to you or those within your financial care, that you would be able to acquire the assistance and support of a doctor/surgeon etc.

 However, this is not the case for majority of beings on earth. If you don’t have money, then you simply cannot afford to have your needs taken care of in the unlikely event of something happening to you for which you would need the support and assistance of the current healthcare systems.
Healthcare should be a basic human and animal right, however this is NOT the case within our physical reality.

• One billion people lack access to health care systems.
• 36 million deaths each year are caused by noncommunicable diseases, such as cardiovascular disease, cancer, diabetes and chronic lung diseases. This is almost two-thirds of the estimated 56 million deaths each year worldwide. (A quarter of these take place before the age of 60.)
• Over 7.5 million children under the age of 5 die from malnutrition and mostly preventable diseases, each year.
• In 2008, some 9.7 million people died of infectious diseases alone, far more than the number killed in the natural or man-made catastrophes that make headlines.
• AIDS/HIV has spread rapidly. UNAIDS estimates for 2008 that there are roughly:

• 33.4 million living with HIV
• 2.7 million new infections of HIV
• 2 million deaths from AIDS

• Tuberculosis kills 1.7 million people each year, with 9.4 million new cases a year.
• 1.6 million People still die from pneumococcal diseases every year. More than half of the victims are children. (The pneumococcus is a bacterium that causes serious infections like meningitis, pneumonia and sepsis. In developing countries, even half of those children who receive medical treatment will die. Every second surviving child will have some kind of disability.)
• Malaria causes some 225 million acute illnesses and over 780,000 deaths, annually.
• One billion people lack access to health care systems.
• Over 7.5 million children under the age of 5 die from malnutrition and mostly preventable diseases, each year.
•  The cost of healthcare is the second leading cause of personal bankruptcy
•  The average family premiums now exceed the gross annual income of a full time minimum wage worker

If you look at just the top drug companies in the U.S in 2005, their sales came to $222 Billion.
This is EXACTLY what is happening within the healthcare system today. Companies are driven by profit and greed and from this products are born which do not even serve to assist and support the people, but rather to increase the profit margins of these companies.
Why and how have we come to accept a world where companies and corporations are give the right to deceive us through marketing products in manipulative ways to only serve their own benefits? Products which are not what is best for all, but instead only serve the purpose of being a vehicle to funnel money as profit to these companies for their own self-interested benefit. There is a HUGE problem with our health care systems - They are sick, and it's time to stop perpetuating the problems by turning a blind-eye within false hope that 'the corporations/companies are doing what is best for the people'. Pharmaceutical companies are motivated by money and are thus only operating in a way that brings them the biggest possible profit. The evidence is here and it is clear that healthcare as a basic human right has been transformed into a money making scheme for those at the top, while at the same time doing the exact opposite of what it was supposed to, which is to provide equal healthcare for all.
"The healthcare system is a major regressive vehicle - it's making a lot of people very rich and a lot of people very poor. It's actually working to worsen the health of our population"

Let’s take a look at a FEW of the healthcare problems within our world today:

Note that this lists merely a FEW of the current problems faced within healthcare today.

The documentary,

 Health, Money and Fear, and here follows a transcription of a section in relation to 'The Marketing of Drugs':

In relation to the high costs of medication - 'they (drug companies) say "we have to charge these high prices to cover our research and development costs. If there were to be any kind of price regulation, that would stifle innovation and we wouldn't be able to bring you all the medical miracles that we are now bringing you". - None of that is true from beginning to end, except the part about 'the prices are high’ that is indeed true.

They spend $32 Billion of that on Research and Development, but look at what they spent on Marketing and Administration = $71 Billion.

Over twice as much as what they spent on R & D. And after these expenditures they even kept more in profits = $39 Billion.

Their profit margin was 16%.

So when they say, "but we have to cover our R & D", yes, but what you are really covering is your outrageous marketing expenditures and your obscene profits - that's what you're doing. And that's what all these high prices are covering'.

The following information also obtained from  Health, Money and Fear :

"When the FDA considers a drug for approval, it has to be found reasonably safe and effective. But effective compared with what? Now there is the loop hole! It doesn't have to be found more effective than other drugs already in the market to treat the same condition. It merely has to be more effective than a sugar pill, than a placebo. In the absence of any data whatsoever, what the drug companies do is to promote these new drugs as though they WERE better, and that's what you see on the direct to consumer ads and the marketing directed at physicians."

The Solution:

Equal Money Capitalism is the solution.

Why do I say this? To start, within the Equal Money Capitalism system, money will be removed as the motivator within health care, and will no longer be the cause of limitations to the possibilities for research and development.

The current competition going on between pharmaceutical companies, which results in poor products being made and advertised as a lie to the public just to gain profit will no longer be a factor within Equal Money Capitalism. Also the point of the same/similar products being available to assist with one medical point. It's common sense that what is best for all is direct all research and development towards a solution/product which would serve as being the best for all to use in relation to a certain specific medical point. Within EMC, there will be one product, the best product for every specific medical point which requires support within this field.

For the first time, health care will actually be what it was suppose to be in the first place - a point which supports life in f-ACT.

"Another fascinating point that is backwards in our Capitalistic System today is the philosophy that if each one acts in a way to satisfy their own self-interest, these self-interest acts will kind of balance each other out in a way that generates results that our beneficial to society as a whole. This is what economists refer to as 'the Invisible Hand". - Economist's Journey to Life

Clearly looking at the statement above, and considering ONLY the point of pharmaceutical companies competing - Reality shows us that this is NOT the case in fact. Rather, instead of benefiting society as a whole in a best for all way, such as proposed with Equal Money Capitalism, within our current world systems the exact opposite is manifested due to profit lusting self-interested principles which form the foundation of our current systems. This will be NO MORE within Equal Money Capitalism.

Within Equal Money Capitalism, everyone will have the same right to life as everyone holds equal value as life. In terms of health care, "Everyone will have the same right to life" implies within this that everyone will have health care made equally available to them.

The Reward:

Within Equal Money Capitalism, one will be birthed into a world where one’s life is secure in every way, and this includes Health Care which is a basic human right which will be restored to all practically within EMC.
If you have a child within or are a child born into Equal Money Capitalism, then you won't have to worry about your future for the future of your child as far as health care is concerned AS WELL AS any other points which currently cause one to live in fear and survival.
The best health care for your life, for your child's life and for every single body's life on earth, will be guaranteed, period.

Health Care Goal:
"Equal Money Healthcare will track the Food Regimen, the Treatment Regimen, and the Diagnostic Regimen of Each Human to Enhance the Outcome of Optimum Living. This will Result in Real Science, producing a Healthy World focusing on Prevention as the Best Cure." 

Role Of Money In Health Care Spending..!!
The term “Health Care” evokes different images in people’s minds. To patients who find a miraculous cure, health care may be almost sacred. For physicians, nurses and other health care professionals it is a Compassionate human activity. To hard-nosed economists, health care represents just another exchange of favors embedded in a wider market economy that consists of exchanging favors.

The chart below illustrates this exchange. Some members of society surrender real resources —  exchanging favors.

TODAY'S ECONOMIST
PERSPECTIVES FROM EXPERT CONTRIBUTORS

Their time, amplified by their skill or the health care products they produce — to the process of patient care, which is meant to improve the patients’ quality of life. In return, society issues these providers of real health care resources generalized claims (money) on all the things included in gross domestic product.

Thus, the health care sector of any country always has the dual goals of enhancing the quality of life of patients as well as enhancing the quality of life of the providers of health care, and, charity care aside, patients are at once objects of compassion and biological structures yielding cash.

We express the generalized claims given to the providers of real health care resources either in dollar terms per-capita or as a percentage of G.D.P. The chart below illustrates the fraction of G.D.P. ceded to the providers of health care in a number of different countries over the last three decades.
Although not all countries can be featured in such a chart, the fact is that no other country cedes quite the slice of its G.D.P. to the providers of health care as does the United States. Current projections are that health care will claim every fifth dollar (19.8 percent to be precise) of G.D.P. in the United States by 2020.

Thus, the health care sector of any country always has the dual goals of enhancing the quality of life of patients as well as enhancing the quality of life of the providers of health care, and, charity care aside, patients are at once objects of compassion and biological structures yielding cash.

We express the generalized claims given to the providers of real health care resources either in dollar terms per-capita or as a percentage of G.D.P. The chart below illustrates the fraction of G.D.P. ceded to the providers of health care in a number of different countries over the last three decades.

Although not all countries can be featured in such a chart, the fact is that no other country cedes quite the slice of its G.D.P. to the providers of health care as does the United States. Current projections are that health care will claim every fifth dollar (19.8 percent to be precise) of G.D.P. in the United States by 2020.

It follows from the first chart that the claim on G.D.P. that a nation cedes to its providers of real health care resources does not tell us what real resources patients receive in return, let alone what value these resources have to patients.

That is because the size of the claim on G.D.P. depends not only on the quantity of real resources surrendered to the process of health care, but also the price paid the providers per unit of real resource. In theory, it would be quite possible that in two otherwise identical countries exactly the same real resources are surrendered to health care and yet the slice of G.D.P. ceded to the providers of these resources in return could differ.

In this regard, a study by Miriam Laugesen and Sherry Glied, published last week in the health-policy journal Health Affairs warrants careful review.

Public and private payers paid somewhat higher fees to United States primary care physicians for office visits (27 percent more for public, 70 percent more for private) and much higher fees to orthopedic physicians for hip replacements (70 percent more for public, 120 percent more for private) than public and private payers paid these physicians’ counterparts in other countries. U.S. primary care and orthopedic physicians also earned higher incomes ($186,582 and $442,450, respectively) than their foreign counterparts. We conclude that the higher fees, rather than factors such as higher practice costs, volume of services or tuition expenses, were the main drivers of higher U.S. spending, particularly in orthopedics.

Other studies point in the same direction. An early one, “U.S. Health Care Costs: The Untold Story,” by the health economist Mark Pauly, was also published in Health Affairs. Professor Pauly showed that a good many nations in Europe actually transferred more real human health-care resources to patients than did Americans – suggesting that the real-resource cost of European health care is higher than it is in the United States (or was, at the time of the study). But these other nations paid physicians and other health personnel less than do Americans.

Higher physician income, of course, cannot explain all or most of the total higher health spending in the United States, as payments for “physician- and clinical services” constitute only about 20 percent to total current health spending ($538 billion out of a total of $2.7 trillion in 2011) and close to half of those payments tend to go for practice expenses, including support staff, malpractice insurance and claims processing.

But prices of other, non-physician health-care services and products in the United States also seem to be higher than elsewhere, as is suggested by the annual surveys of health care prices conducted by the International Federation of Health Plans in their comparative price reports.

What one should make of this finding is another matter. Professor Laugesen and Ms. Glied refrain from going down that route. They merely present the facts as they see them.

References..!!

• http://economix.blogs.nytimes.com/2011/09/16/the-role-of-prices-in-health-care-spending/?_r=1
• http://www.tokbox.com/blog/key-technology-challenges-for-the-healthcare-industry/
• http://equalmoneyexposesego.blogspot.com/2013/02/the-health-care-systems-are-sick-how.html
• http://equalmoneyexposesego.blogspot.com/2012/03/2012-another-animal-abuse-report.html
• https://www.google.com.pk/search?q=money+capitalism+blog+images&biw=1366&bih=667&source=lnms&tbm=isch&sa=X&ved=0CAYQ_AUoAWoVChMI6dvHkPr9yAIVxhiOCh2mYQ0V#tbm=isch&q=equal+money+capitalism+&imgrc=XaWljGaRW7PECM%3A
• http://www.investopedia.com/articles/basics/03/061303.asp
• http://www.jhsph.edu/departments/international-health/global-health-masters-degrees/master-of-health-science-in-health-economics/what-is-health-economics.html
• https://en.wikipedia.org/wiki/Health_economics