A nurse manager is preparing a presentation on health care economics for unit staff. How would the nurse manager explain the definition of economics as it relates to health care to the staff?
a. Economics refers to how the health care system is going to care for the older segment of the population.
b. Health care is a limited resource; economics refers to how this resource is going to be allocated.
c. Health care economics refers to the budgeting and financial management of the institution providing the care.
d. Economics is the balance of the utilization of health care services and the monies obtained for the services provided.
B
Economics is the allocation of scarce resources. Health care economics is the distribution of the limited resource of health care. Economics includes not only the older adult segment but all age groups. Economics is not about using health care services and the monies obtained but instead how they will be distributed.
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