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Economic Terms and Health Care History

Individual Assignment: Economic Terms and Health Care History
ï?· Resource: Economic Terms and Health Care History grading criteria on the student website.
ï?· Complete the Economic Terms Exercise in Week One of the student website.
ï?· Write a paper in which you include the following:
o Describe the history and evolution of health care economics and the timeline of health care funding, using the defined terms.
o Include two outside resources.

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Here is the response. I really didn't understand the purpose of the terminology attached to the assignment as basing a paper on terminology only seems to force the paper in the direction of the terminology rather that the true topic. During your editing, you should be able to interject any of the terminology as you see fit. Good luck with your assignment.

Over the course of U.S. history, the economics of healthcare have undergone several changes that have all culminated into what it is today. Although several factors come into play in regards to these changes, the primary driver behind these changes have been major advances in medical care techniques and advanced technology such as in the field of diagnostic imaging and surgical services. All these things aside, it is important to illuminate the fact that regardless of the time period, the payment for services and its source have always been a critical factor in how fast and how far healthcare can go.

The source of payment for medical services has changed quite a bit over the past few decades. Today, third party payers such as insurance companies pay the bulk load of the healthcare bills leaving only a portion to be paid by the actual recipient from their own funds. In the not so distant past, ...