Who’s Paying For Health Care?

Health Conditions

Which of the following is not a product of the commodification of health care? The answer to that question is health care. The health care industry has become massive thanks to the state of the economy and this vast financial activity. Private health insurance has been one such beneficiary, thanks to the recession and high unemployment rate. 

The health care industry is a direct result of government regulation: which regulates all medical practices. Each health care provider tries to make sure that they get a certain number of patients each month. There are many rules governing the size of the surgery rooms, the number of patient visits, the kinds of equipment and even the kinds of beds that the doctors have. These things, and others like it, form a structure called the “supply chain.” 

The supply chain also makes sure: that health care providers can continue to provide at a high level of service and that they receive the payment they deserve. Each health care system has its own way of keeping track of how the money is spent and in what manner the money is disbursed. This results in an endless cycle of over-ordering and under-ordering, with one part calling the customers’ attention while the other is quietly going on. It is this process which is making health care pricing policies and plans, which are sold by private companies to consumers, such as, for example, Aetna health insurance. It is also contributing to skyrocketing health care costs across the country. 

Even with the current state of the economy: there are still many people who are willing to pay for health care. Even though many of them have already paid for their premiums, there is no reason to give up their health. And even with the premium payments, there is no reason to forego health care as a result of economic uncertainty. Health insurance is still seen as the best way to provide basic health care and medical coverage. Although health care costs have significantly risen, overall life expectancy has actually improved. 

The health care industry is not a commodity: that is susceptible to the changes in the economy. Prices will not fall because of the state of the economy. There is therefore no cause for health care providers and insurance companies to suffer when the market is bad. While the crisis affects health care providers just as much as consumers, the latter’s response has had a much greater impact on the quality of health care. As health care costs rise, the quality of health care services will deteriorate as well. 

Which of the two reasons is not a result of the commodification of health care?

The answer is both. On one hand, health care pricing reflects the state of the health care system. People who do not pay attention to their health can expect to be heavily penalized for their neglect. On the other hand, health care pricing is also affected by the state of the market, which is likely to worsen if the crisis continues.

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