Explain the impact of public health on the economy


Module Assignment: PUBLIC HEALTH FINANCE AND ECONOMICS

Modular Learning Outcomes

Upon successful completion of this module, the student will be able to satisfy the following outcomes:

• Case

o Explain the impact of public health on the economy.
o Examine the financial impact of public health laws.
o Identify and discuss public health agencies and their budgets.

• SLP

o Identify and explain the anticipated financial impact of public health laws and policies.
o Explain funding for public health policies.

• Discussion

o Explain the impact of public health on the economy.
o Examine the financial impact of public health laws.

Module Overview

Public Health Policy as it relates to economics is concerned with issues related to scarcity in the allocation of health and health care. Governments tend to heavily regulate the Healthcare industry and also tend to be the largest payer within the market. Uncertainty is intrinsic to health, both in patient outcomes and financial concerns.

The knowledge gap that exists between a physician and a patient creates a situation of distinct advantage for the physician, which is called Asymmetric Knowledge. Finally, there are many effects that happen between two parties without monetary compensation, called externalities, within healthcare, from catching a cold from someone to practicing safe sex.

The scope of this issue is neatly encapsulated by Alan William's 'plumbing diagram' dividing the discipline into eight distinct topics:

1. What influences health? (other than health care)
2. What is health and what is its value?
3. The demand for health care (e.g. occupational health and carpal tunnel syndrome)
4. The supply of health care (rapid diagnosis with innovative new method)
5. Evaluation at whole system level; and, (innovations are changing operational processes)
6. Planning, budgeting and monitoring mechanisms. (cities and municipalities)

In Module we will look in depth at the issues of Public Health Policy and Economics.

Module SLP: PUBLIC HEALTH FINANCE AND ECONOMICS

Discuss the anticipated financial impact of the following:

1. The public health policy you proposed in Module 1 SLP
2. The public health laws you selected in Module 2 SLP

Discuss funding sources for the government program you identified in Module SLP. Based on your review of the most recent budget, discuss competing priorities and the likelihood of receiving funding for your proposed policy.

SLP Assignment Expectations

Length: Assignment should be between 3 and 4 pages (750-1000 words) in length, excluding the cover page and the reference list.

Assessment and Grading: Your paper will be assessed based on the performance assessment grading rubric that is linked within the course. Review it before you begin working on the assignment. Your work should adhere to the MSHS Assignment Expectations.

Reflections on Course Concepts

• Given the readings and assignments in the course:

o Identify and briefly discuss two concepts in this course that you believe will be most applicable to the professional discipline you will enter upon completion of your degree program.

o What is the importance of these concepts to the professional discipline?

o How will you use these concepts in your future career?

Optional: Offer feedback on how the course and/or facilitation of the course can be improved.

Reflection is a mental process that challenges you to use critical thinking to examine the course information, analyze it carefully, make connections with previous knowledge and experience, and draw conclusions based on the resulting ideas. A well-cultivated critical thinker raises vital questions and problems, formulating them clearly and precisely; gathers and assesses relevant information, using abstract ideas to interpret it effectively; comes to well-reasoned conclusions and solutions, testing them against relevant criteria and standards; thinks open-mindedly within alternative systems of thought, recognizing and assessing, as need be, their assumptions, implications, and practical consequences; and communicates effectively with others in figuring out solutions to complex problems. (Paul & Elder, 2008)

In order to earn maximum credit, the comment should be more than your opinion, and more than a quick "off the top of your head" response. Be sure to support your statements, cite sources properly, cite within the text of your comments, and list your reference(s). The response must be a minimum of 250 words.

Paul, R. & Elder, L. (February 2008). The miniature guide to critical thinking concepts and tools. Foundation for Critical Thinking Press.

Format your assignment according to the following formatting requirements:

1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.

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