1-1 Discussion: The Role of Economic Principles in Healthcare Decision Making U.

1-1 Discussion: The Role of Economic Principles in
Healthcare Decision Making
U.S. healthcare is the most expensive in the world. This paper examines the
role of the market power U.S. healthcare providers and pharmaceutical companies
hold. It finds that markups (the ability to charge prices above marginal costs)
for publicly listed firms in the U.S. healthcare sector have almost doubled
since the early 1980s.
Write a post of 1 to 2 paragraphs and address:
·
What are the potential positive and
negative impacts of applying these principles to the healthcare industry?
·
How do you think a healthcare organization
should balance the economic principles described with issues of health, life,
and death in terms of its policy decisions and strategic planning?
·
Can you put monetary value on a life?
Resources attached