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Health economics, as an interdisciplinary science, has experienced exceptionally bold evolution through the past eight decades. Generations of committed scholars have built up huge body of knowledge and developed a set of methodological tools to assist health-care authorities with resource allocation process. It has adapted to a myriad of local conditions and needs of the national health systems with diverse historical legacies, medical services provision, and financing patterns. The Future Of Health Economics Challenge of financial sustainability facing modern day health systems remains primarily attributable to population aging, prosperity diseases, large scale migrations, rapid urbanization, and technological innovation in medicine. Despite promising developments in developing countries with emerging BRICS markets on the lead, rising out-of-pocket health spending continues to threaten affordability of medical care. Universal health coverage extension will likely remain serious challenge even for some of the most advanced OECD nations. These complex circumstances create strong drivers for inevitable further development of health economics. We believe that this interdisciplinary health science shall leave long-lasting blue print to be visible for decades to come.
This paper discusses health economics as a behavioral science and as input into health policy and health services research.
I illustrate the dual role with data on publications and citations of two leading health economics journals and three leading American health economists. Five important, relatively new topics in economics are commended to health economists who focus on economics as a behavioral science.It is reasonable to ask whether the health economics field of today is prepared and equipped to help us meet these challenges. Our aim with this article is twofold: to introduce the fields of behavioral and experimental economics and to then identify and characterize health economics areas where these two fields have a promising potential. The demand for health care is increasing due to the continuous development of new medical technologies, changing demographics, increasing income levels, and greater expectations from patients. The possibilities and willingness to expand health care resources, however, are limited. Consequently, health care organizations are increasingly required to take economic restrictions into account, and there is an urgent need for improved efficiency. We also discuss the advantages of a pluralistic view in health economics research, and we anticipate a dynamic future for health economics. Health care systems around the globe are facing great challenges.
This is followed by suggestions for health economists in their role of providing input to health policy and health services research. I discuss the strengths and weaknesses of economics, the role of values, and the potential for interdisciplinary and multidisciplinary research. The fourth section presents reasons why I believe the strong demand for health economics will continue, and the paper concludes with a sermon addressed primarily to recent entrants to the field.
Published: Fuchs, Victor R. Development of the American Economy. Economic Fluctuations and Growth. International Finance and Macroeconomics. International Trade and Investment. Productivity, Innovation, and Entrepreneurship. The Science of Science Funding Initiative.
ISPOR, the professional society for health economics and outcomes research ( HEOR), explored the future of HEOR for the s this afternoon.
The Women Working Longer Project. Illinois Workplace Wellness Study.
The Oregon Health Insurance Experiment. He is also the Mitsui Professor of Economics at M. Introduction to "Economic Aspects of Health".