Economics and Decision Making in Health Care
Economic Health Issue; Poverty
Miatta Teasley
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Capella University
NHS-FPX6008
Economics and Decision Making in Health Care
Professor Georgena Wiley
March 23, 2023
The workplace, community, and co-workers are all affected by poverty
Poor neighborhoods and poor housing are linked to poverty.
Low-income children are deprived of opportunities that most of us take for granted (Oliveras et al., 2021).
The rates of mental illness, chronic illness, death, and short lifespans are higher in the poor.
The majority of the poor are kids.
Poverty is associated with living in low-quality housing and in poor communities. Children living in poverty lack access to resources that the rest of us take for granted (Oliveras et al., 2021). The poor have a higher prevalence of mental illness, chronic illness, premature death, and shortened lifespans. There are many children among the poor.
The workplace, community, and co-workers are all affected by poverty
Families in poverty are more prone to divorce and conflict.
Numerous health problems plague the poor. Children who live in poverty are more likely to commit street crimes and quit school (Oliveras et al., 2021).
When people reach adulthood, poverty may lead to chronic illness, illiteracy, and unemployment. More than just hunger is poverty.
Malnutrition and hunger afflict families.
In low-income communities, family breakdown and strife are more common. The poor have it the worst when it comes to health. Children from low-income families are more likely to engage in antisocial behavior and drop out of school (Oliveras et al., 2021). The effects of childhood poverty on adult health, education, and employment are well documented. Being poor means more than just going hungry. Families are suffering from malnutrition and hunger.
Economics of healthcare and poverty: feasibility analysis
The feasibility study recommends using a health-based strategy to address poverty as a legitimate economic issue (Ahnan-Winarno et al., 2021).
For effective participation in policies to reduce poverty, you need high-quality research on poverty, national policy processes, and the political economics of changes in poverty.
According to the findings of the feasibility study, a health-oriented approach is the most effective way to combat poverty as a serious economic problem (Ahnan-Winarno et al., 2021). You need to have access to high-quality research on poverty, national policy processes, and the political economics of changes in poverty in order to have an effective participation in the policies that are being developed to reduce poverty.
Economics of healthcare and poverty: cost-benefit analysis
The cost of a pro-poor health policy in healthcare is reasonable (Ahnan-Winarno et al., 2021).
The reduction of poverty benefits society.
Food, education, and employment all improve.
By evaluating the feasibility and cost-benefit ratio, healthcare professionals can fight poverty.
A healthcare policy that prioritizes the needs of low-income people can be implemented at a reasonable cost (Ahnan-Winarno et al., 2021). Fighting poverty is good for everyone involved. There is a rise in availability of food, of schools, and of jobs.In order to combat poverty, medical professionals must first determine whether or not their proposed solution is feasible and whether or not the costs outweigh the benefits.
Solutions to the economic and health problems of poverty
Poverty is one economic problem that education can eliminate (Ahnan-Winarno et al., 2021).
Education improves skills, corrects inequities caused by marginalization, and lowers risk and susceptibility.
Education can truly be for everyone if barriers to it are removed, teachers are supported, and children living in unstable situations receive an education.
Education is one solution to the economic issue of poverty (Ahnan-Winarno et al., 2021). Gaining an education raises one’s skill level, mitigates the disadvantages brought on by marginalization, and makes one healthier overall. If funding issues for schools are resolved, resources for teachers are increased, and children living in poverty have access to schooling, then education truly can be for all.
Solutions to the economic and health problems of poverty
Poverty would no longer be a health or economic concern if hunger were eliminated.
Having three healthy meals a day can break the cycle of poverty.
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