Healthcare Economics

Consider the following major sectors within health care:

• Health care equipment
• Health care services
• Pharmaceuticals, biotechnology, and related life sciences

Based on insights that you have gained throughout the course and this week’s lesson, write a paper of 6–7 pages that discusses the following:

• Summary: Discuss the role of each sector in the health care industry and the economy.
• Analysis: Discuss the impact of each sector on the health care industry and the economy.
• Evaluation: Discuss the impact of the economic practices of these sectors on the industry globally.

Ensure that you integrate economic terms, frameworks, and models throughout the review.

Finally, recommend policy updates, changes, and revisions to each sector that will address the opportunities and challenges within the industry.