Need a paper done
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 4-5 pages, not including title page, abstract page, and reference page, 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.
Solution Preview
Abstract
The health sector mainly entails the study, treatment and prevention of the illness, diseases and injury and is one of the largest industry in the economy, in the American economy is estimated to provide around 14 million jobs. It is steadily rising due to the increasing need for healthcare and the shortage of nursing. The industry is generally divided into three sectors; healthcare equipment; healthcare services; and pharmaceutical, biotechnology and other related life sciences. The healthcare industry provides services which facilitate the provision of health care to the patients.
(1,461 words)