This topic presents an introduction to the economics of US healthcare, with a focus on the major players including consumers, providers, private insurance, and government. It covers the challenges and opportunities for the US healthcare system including quality, costs, and access. An application of supply and demand analysis to healthcare markets is discussed. It compares U.S. health outcomes to those of other countries. Students are introduced to various data sources on US and global healthcare.
Community College / Lower Division, College / Upper Division
Ohio TAG Social and Behavioral Sciences (OSS) Standards
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Understand basic microeconomics terms and concepts, including scarcity and choice, equilibrium, efficiency and equity, positive and normative economics, comparative advantage, and specialization.