The Cost of Value Tendency in Medicine Essay

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After reading chapters five and six, two major points stood out to me. The first one is the cost of value tendency in medicine. All the actions, treatments, and manipulations with the patient have to be beneficial and cost-saving. These aspects are especially essential for financing sources of healthcare (Shi & Singh, 2019). However, a special focus on efficiency can deteriorate the outcomes of patient care as medicine is not a business initially. The major goal of healthcare is to provide help to the one in need without any self-benefit. It turns out that in realizing cost-efficient procedures according to the protocols of treatment, every patient is considered as a template that has to be spent the least resources. From my perspective, healthcare professionals should try their best to balance the benefit, cost-saving, and aid to people. At the same time, careless prescription of expensive medicine and a wide spectrum of diagnostics could be redundant and take the time of the doctor and the patient. If the balance between these aspects is found, healthcare specialists can reach the highest point of professionalism and outstanding treatment results.

Another memorable point was the patient’s attitude or so-called moral risk, whilst patients use comprehensive health insurance. The rational approach toward using medical aid should be maintained in every society. When the citizen that has wider access to healthcare misuses the system, the other patients having diverse insurances suffer from limited services and lack of attention from care professionals. To avoid excessive use of the services, the state should develop value-based payment models (Shi & Singh, 2019). Patients’ major orientation for requesting medical aid should be the impact of their condition on their quality of life. Then the uncontrolled usage of healthcare will be limited to a minimum. Even though countries with free medicine tend to suffer from this issue more, the United States has similar issues with comprehensive health insurance users.

Reference

Shi, L., & Singh, D. A. (2019). Essentials of the US health care system. Jones & Bartlett Learning.

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IvyPanda. (2023, June 9). The Cost of Value Tendency in Medicine. https://ivypanda.com/essays/the-cost-of-value-tendency-in-medicine/

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IvyPanda. (2023) 'The Cost of Value Tendency in Medicine'. 9 June.

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IvyPanda. 2023. "The Cost of Value Tendency in Medicine." June 9, 2023. https://ivypanda.com/essays/the-cost-of-value-tendency-in-medicine/.

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IvyPanda. "The Cost of Value Tendency in Medicine." June 9, 2023. https://ivypanda.com/essays/the-cost-of-value-tendency-in-medicine/.

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