Jose Epem
Maseno University, Public Health, Graduate Student
Grossman in 1972, pioneered the hypothetical standard for examining human resources, health, and its impact on efficiency, earnings, and labor supply. The theory's assumption is that increasing an individual's status of wellbeing... more
Grossman in 1972, pioneered the hypothetical standard for examining human resources, health, and its impact on efficiency, earnings, and labor supply. The theory's assumption is that increasing an individual's status of wellbeing increases efficiency in both business and non-market practices. There’re significant efficiency and benefits associated with improved wellbeing. There exists proof that ill-health may result in a detrimental effect on learning and that these effects can have a lasting effect on economic results later in life (Bhargava et al., 2001). Increased productivity can be achieved by improved wellbeing, either through fewer days off or through increased efficiency while working. Improved nutrition and disease prevention, especially in early childhood, result in enhanced cognitive growth and learning capacity. Additionally, healthy children benefit more from school because they miss fewer days due to illness.
Although healthiness is determined by a variety of factors, including medical care, nutrition, living conditions, and physical activity, it is widely agreed that medical care is a critical determinant of how health is produced (McKeown, 1976).
Santerre and Neun (2010) reasoned that, just as a firm utilizes numerous inputs such as capital and labor to manufacture a product, a person utilizes medical care inputs to generate wellbeing. When all other variables remain unchanged, a person's well-being represents the maximum amount of health that can be provided by the amount of medical care consumed.
Given the critical nature of health care, both politicians and scholars have focused considerable focus on the process of ensuring universal access to health services (Lindelow, 2005).
Initially, policy and research programs emphasized the importance of expanding physical access to medical services through the widening of the network of health facilities. This included enhancing health care quality through the use of health care practitioners, equipment, and facilities. However, an increasing body of research on health care has shown that increased supply does not always translate into increased access due to a variety of other factors, including cost and health financing. Assuming healthcare suppliers, like those in other sectors of economics, are motivated by the need to maximize profit, the supply of healthcare will increase in response to price increases (Dewar, 2015) this lowers the demand for the services due to inability to pay in poor nations . Ensuring universal access to medical services continues to be a challenge for governments in many low-income countries. Demand for healthcare services is always unpredictable. Health insurance was the best approach of increasing demand and access since Concentration in the health insurance and hospital markets has the potential to affect patients' perceptions of healthcare (Hanson et al., 2019).
Although healthiness is determined by a variety of factors, including medical care, nutrition, living conditions, and physical activity, it is widely agreed that medical care is a critical determinant of how health is produced (McKeown, 1976).
Santerre and Neun (2010) reasoned that, just as a firm utilizes numerous inputs such as capital and labor to manufacture a product, a person utilizes medical care inputs to generate wellbeing. When all other variables remain unchanged, a person's well-being represents the maximum amount of health that can be provided by the amount of medical care consumed.
Given the critical nature of health care, both politicians and scholars have focused considerable focus on the process of ensuring universal access to health services (Lindelow, 2005).
Initially, policy and research programs emphasized the importance of expanding physical access to medical services through the widening of the network of health facilities. This included enhancing health care quality through the use of health care practitioners, equipment, and facilities. However, an increasing body of research on health care has shown that increased supply does not always translate into increased access due to a variety of other factors, including cost and health financing. Assuming healthcare suppliers, like those in other sectors of economics, are motivated by the need to maximize profit, the supply of healthcare will increase in response to price increases (Dewar, 2015) this lowers the demand for the services due to inability to pay in poor nations . Ensuring universal access to medical services continues to be a challenge for governments in many low-income countries. Demand for healthcare services is always unpredictable. Health insurance was the best approach of increasing demand and access since Concentration in the health insurance and hospital markets has the potential to affect patients' perceptions of healthcare (Hanson et al., 2019).
