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Introduction

Over these years the population has increased drastically; this has added pressure on current resource. Health care is one among sectors experiencing this sudden change and has also caused health care players to consider coming up with new strategies aimed at solving this issue. Despite doing so strategies being put in place can’t much up to the present need. The increasing demand has pushed the cost of Medicare up but is due to demand outstripping supply (Feldstein, 2011). This has forced some to consider digging deep in their pocket while trying to access adequate healthcare which is far much better than that being provided in public hospitals. Such facilities also face a shortage in supply of specialized individuals to handle the situation; only implying that doctors as well as health workers may be working under pressure. This is despite the government trying to offer free Medicare. Free Medicare rarely translates to adequate Medicare which yet so essential to the wellbeing of the society.

As prices continue to escalate this only limits it to those considered rich while subjecting a big population to hopelessness now that they are unable to access the much needed service. This is also coupled by professionals seeking to be paid more in return and can as well be witnessed in strikes being carried out living patients in a terrible situation (Phelps, 1997). Some end up dying without hope in place. A lot of effort is required while improving the situation. The government alone isn’t able to tackle this. In most countries though; priorities are however mixed. It’s however prudent to consider those sectors most of which are critical to a country thus allocating more funds geared at transforming the situation. Those perceived to be of less importance could as well be shelved or rather given less priority owing to scarcity in present resource.

Despite allocating more resource to health care this doesn’t necessarily lead to expected results. Monitoring is of importance while gauging how it may be replicating on the ground. Accountability ought to be encouraged while all stakeholders participate in this process while adopting an inclusive approach. While considering the Marginal analysis a country is more likely to benefit more while realizing that the cost involved to put in place well developed modalities can’t be compared to the likely benefits able to be realized. Soberness is however required while adopting wise decisions. One may however be required to part off with some cash so as to be able to access some service. This doesn’t have to deprive them though owing to them having several needs and may need to arrive at a decision on what to buy at that particular time. Irrespective of whether an economy is centralized, planned economy or market oriented its hard go without resulting to such a decision (Amit, Muller & Cockburn, 1995).

Microeconomic basically focus on allocation of resource most of which are scarce; on the other hand macroeconomics focus on performance. It is with this respect that one would say the two have an influence on healthcare. For efficiency to be enhanced resources ought to be well managed; this could trickle down to productivity, taking it a not higher. This is because wastage is minimized; funds can as well be used to pay healthcare staffs well which play a big role in enhancing their productivity (Walstad&Rebeck, 2000).

Reference

Feldstein, P. J. (2011). Health care economics.CengageBrain.com.

Phelps, C. E. (1997). Health Economncs.

Walstad, W. B., &Rebeck, K. (2000).The status of economics in the high school curriculum.The Journal of Economic Education, 31(1), 95-101.

Amit, R., Muller, E., & Cockburn, I. (1995).Opportunity costs and entrepreneurial activity.Journal of Business Venturing, 10(2), 95-106.