EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN: 9781337668279
Author: Henderson
Publisher: YUZU
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Question
Chapter 12A, Problem 1QAP
To determine
To analyze how the demand for medical care changes as individual grows and the affect that the aging has on the provision of medical services.
Expert Solution & Answer
Explanation of Solution
The demand for medical care changes as individual grows and the aging affect the provision of medical services.
It is evident that in any economy the demand for medical care increases as the individuals grows older.
Aging has become one of the major factors behind the increasing demand for medical care.
As people start to grow older there’s a higher percentage of people getting different sorts of illnesses.
People will tend to be more cautious about their health and will engage in annual check-ups, consultations and different medications.
Therefore, an aging population will bring about more growth opportunities for medical services with the rising need for different medical equipment, medicine and high-tech diagnostic and surgical equipment.
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Chapter 12A Solutions
EBK HEALTH ECONOMICS AND POLICY
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