macroeconomic and microeconomic healthcare conditions

Impact of Socioeconomic & Sociopolitical Factors on Healthcare Finance & Nursing Practice.
March 21, 2019
Root cause analysis paper and graph
March 21, 2019

macroeconomic and microeconomic healthcare conditions

Both macroeconomic and microeconomic healthcare conditions impact the identified stakeholder. Let us consider the example of vaccinations. On a global scale, vaccination rates vary depending upon the financial resources and availability of the vaccines within a specific country. The microeconomic focus is that of health cost savings, whereas the macroeconomic focus is that of better health and an increase in the life expectancy of the residents which in turn promotes economic growth (Kotsopoulos & Connolly, 2014). Prior to going to nursing school, I was able to travel to India and was able to see the dichotomy between micro- and macroeconomics in action. The government understood the need for vaccinations within their country which would improve the overall health of the population and provide an additional workforce, however the caste system (which was still going strong) did not allow them to focus on providing vaccinations for everyone but rather only the upper financial stratus of the population.

This is really not different than our own health insurance availability and coverage. We as a nation, understand that providing healthcare for all citizens provides a healthy workforce. What we fail to understand is that this comes at a price that not everyone is willing or able to provide. I was talking to one of my students today and she stated that she works part time at a doctors office and due to the high cost of medications, the office provides samples of medications until they run out and discounts for their healthcare services. I believe this doctor is a rarity and that his understanding of the need for affordable healthcare in our population is priceless. As a DNP-prepared nurse, I will need to understand the ins and outs of healthcare costs and programs to are aimed at providing truly affordable health services and medications within my community in order to better serve our population.

 

Kotsopoulos, N., & Connolly, M. P. (2014). Is the gap between micro- and macroeconomic assessments in health care well understood? The case of vaccination and potential remedies. Journal of Market Access & Health Policy2, 1–N.PAG. https://doi-org.chamberlainuniversity.idm.oclc.org/10.3402/jmahp.v2.2389