You are currently working as an administrative assistant for a large metropolitan hospital. You have been asked to prepare an article for the hospital newsletter about international health care. The following are the items you have been asked to include:
- List and explain reasons why the health status of a country plays an important role in its economic status.
- Create a table that shows how the access, quality, and cost of health care are influenced by the low-income, middle-income, and high-income status of an economy.
Length requirement is 2-3 pages.
Expert Solution Preview
Introduction:
International health care is an important topic that impacts people all around the world. One important aspect of international health care is how the health status of a country can impact its economic status. In this article, we will explore the reasons why a country’s health status is important for its economic well-being, as well as how the access, quality, and cost of health care are influenced by the income status of an economy.
Reasons why the health status of a country plays an important role in its economic status:
1. Productivity: When a large portion of a population is sick, productivity decreases, and the economy suffers. For example, if a significant number of workers are unable to work due to illness, the economy will take a hit. This decreases the overall output of a country and results in a lower Gross Domestic Product (GDP).
2. Health care expenditure: The cost of treating diseases and illnesses can be incredibly high, and this can impact a country’s economy. The government or individuals might have to spend a significant portion of their income on healthcare, which can lead to debt or decreased productivity.
3. Tourism: The health status of a country can impact its tourism industry. If a country is known for high rates of infectious diseases, it is less likely to attract tourists. This can negatively impact the country’s economy as tourism is a significant source of revenue.
4. Workforce development: A healthy population is critical for the development of a strong workforce. Healthy children are more likely to succeed in school and grow up to be successful members of the workforce. This, in turn, leads to a stronger economy.
Table showing how access, quality, and cost of health care are influenced by income status:
Income Status | Access | Quality | Cost
Low-Income | Limited | Poor | Affordable but not always accessible
Middle-Income | Moderate | Moderate | Affordable and relatively accessible
High-Income | High | High | Expensive but accessible
Conclusion:
In summary, a country’s health status is a critical component of its economic well-being. Poor health can lead to decreased productivity, increased healthcare expenditure, decreased tourism, and a weaker workforce. Additionally, the income status of a country can impact the access, quality, and cost of healthcare. It is important to recognize the relationship between health and economics in order to develop effective healthcare policies and improve the overall health of the population.