Essay example --

IntroductionThe two most important factors that apply contributed to healthcare economic changes are technological advances and medical care. One thing that people have to infer is the fact that the backbone of health economics is cash and this central position grants it the integral role of ensuring that that the health care industry was successful (PBS, 2012). This money is not necessarily from peoples private funds but from like was the case in the past but it is money paid by insurance companies that pays for peoples medical bills.In addition, other third parties also account for the medical bills leaving the individual to pay just a sm on the whole function of the entire funds flow from their own savings. Having an understanding of the fib of healthcare economics and the nature in which money flows through the dust is important in enabling managers to evaluate their exemplify positions while at the same time preparing themselves for the time to come. In this paper, the dis cussion will focus on evaluating the history of healthcare economics and its evolution as well as how cash flows within this system.History and evolution of healthcare economicsIn order to understand the health insurance systems as there are today in the US, one has to best understand how in was born or how it came to be and what the future has for it. The best question to answer would then be how it came to be in the US that employers pays for the health insurance of their employees while they dont pay for all the other of their employees expenses like groceries.The first time evolution in the healthcare system was experienced was in 1920s. During that time, choices narrowed down to the patients favored form of treatment no matter how crazy or non-sensi... ...ds healthcare till to date.ConclusionIn the 1920s, there was a very strong jolly along to adopt a new healthcare system with more emphasis being on the medical care be and not on costs experienced during sickness, (PBS, 20 12). The occurrence of the depression in the 1930s changes the health insurance priorities to incorporate the unemployed and benefits granted to the elderly. With the Second World War in the 1940s, pay healthcare by groups intensified as employers used health benefits offers to lure employees hence resulting to the rise in the employer based health system as is present today. However, the poor and unemployed were left out hence the welfare service to the poor in the 1950s. With time, inflation doubled prices in hospitals and the old and not operative could not access health services hence Medicare and Medicaid passed to law in the 1960s till today.