a) In the medical care sector, the decisions of what services should be produced
ID: 1167638 • Letter: A
Question
a) In the medical care sector, the decisions of what services should be produced, how they should be produced, how they should be distributed, and how to allow for growth and innovation must be made. Please answer the following three questions: a) What combination of non-medical and medical goods and services should be produced in the macro-economy?
b) What particular medical goods and services should be produced in the health economy?
c) What specific health care resources should be used to produce the final medical goods and services?
d) Who should receive the medical goods and services?
For the above questions, how are these decisions currently being made? What are the various purposes that prices serve?
Explanation / Answer
Medical care services should be produced in medical care sectors. It includes medical insurance, hospitalization, diagnosis of patients’ illness, laboratory test, and medicines.
These are produced as below:
Medical insurance: It has various schemes. The age-wise slabs of medical insurance premium are produced through medical insurance.
Hospitalization: It produces illness curing service.
Diagnosis: It produces various tests and verification of patient’s illness.
Laboratory test: It produces laboratory examination certificate for various test materials of patients.
Medicine: It produces biotechnological items for patient’s recovery.
These are distributed as below:
Medical insurance: This is distributed through various advertisement schemes.
Hospitalization: This is distributed as per the requirement of patients.
Diagnosis: This is distributed as per the requirement of patients.
Laboratory test: This is distributed as per the requirement of patients.
Medicine: Manufacturer to distributer to retailer to customer is the distribution chain of medicine.
In each and every service facility company, there should be a research and development team for product innovation and growth.
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