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Economics and healthcare Introduction The ultimate objective of any effective healthcare system is the provision of equitable access to healthcare as well as ensuring of liberty and opportunity to access prompt medical assistance when needed. The concerns regarding equitable provision of healthcare services across all sections of the society, regardless of any racial, social or economic bias, pose a critical challenge to healthcare providers across the globe, and more so in the United States.
In a system which is bound by an employment-based healthcare coverage and where provision of healthcare essentially depends on the country’s economy, understanding the impact of economics on health care is of crucial significance. The healthcare system in the United States is focused on provision of services which are cost-effective to consumers who demand greater accessibility and better quality at affordable rates (White, 2005). A country which is regarded as the world leader in terms of medical advances and research and technology in the field of medicine, the lack of access to healthcare and primary health care services is one of the most critical and on-going issues faced by it since several decades (Gulliford and Morgan, 2003). An overwhelming majority of the population who are at the bottom of the economic pyramid include those insured by Medicaid, low wage earners as well as those who are uninsured and underinsured. ...
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