Economics in the Health Care Sector

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Economics in the Health Care Sector

What is the appropriate role of economics in the study of the medical care sector? What are its strengths and limitations?Choices in medical care delivery can be made by the provider for the individual patient and by the policymaker who views the needs of an entire population of people. One way to choose among the alternative treatments of care delivery models is through the determination of economic efficiency. Discuss the concept of economic efficiency.