Health Economics

health economics a social system that studies the supply and demand of health care resources and the effect of health services on a population.

Health economics is a branch of economics concerned with issues related to scarcity in the allocation of health and health care. For example, it is now clear that medical debt is the principle cause of bankruptcy in the United States.[1] In broad terms, health economists study the functioning of the health care system and the private and social causes of health-affecting behaviors such as smoking.

"Economics is the study of people in the ordinary business of life." -- Alfred Marshall, Principles of economics; an introductory volume (London: Macmillan, 1890) "Economics is the science which studies human behavior as a relationship between given ends and scarce means which have alternative uses." -- Lionel Robbins, An Essay on the Nature and Significance of Economic Science (London: MacMillan, 1932) Economics is the "study of how societies use scarce resources to produce valuable commodities and distribute them among different people." -- Paul A. Samuelson, Economics (New York: McGraw-Hill, 1948)

What is the Philippine health situation? PHILIPPINE HEALTH SITUATION 2009 We are still at the mid-year of 2009. I guess it is too early to evaluate or assess the health situation in the Philippines. As of now, our Country ranked number 10 in the AH1N1 virus, and perhaps it will go higher after few weeks more. The Dengue outbreak here in the Philippines is no-ordinary thing. In fact it has more fatality than AH1N1. Our government, together our fellow citizens must do something to lessen the fatality of Dengue. I do believe that AH1N1 virus depends on the races/countries you are in. Though Filipino is ranked 10, we have recorded 1 fatality so far. And that, I guess, the immune system of the Filipinos are stronger than the other races...