Problem

You are on the board of directors of a private hi…

01:29

Problem 18 Hard Difficulty

What are some of the metrics economists use to measure health outcomes?

Answer

The economists in country U uses some metrics to measure health outcome. Some of the
metrices used are life expectance, childhood mortality, diet, etc. These metrics help economists
and health industry officials to gather information which is necessary and relevant in making of
health industry related policies.

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Principles of Microeconomics for AP® Courses

Chapter 16

Information, Risk, and Insurance

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Video Transcript

everyone. Today we're solving problem number 18 from chapter 16 of the textbook, which asks, what are some of the metrics economists use to measure health outcomes? Now, I'm going to This is from chapter 16 this little section right here. Um, this is all from chapter 16 and I'm going to skip into the middle of it. Um, which says that note that while healthcare expenditures in the U. S. Ar fi hired far higher than healthcare expenditures in other countries, the health count comes in the United States as measured by life expectancy. And miller rates of child with mortality tend to people it. So, um, if you're wondering, like, what the heck are health outcomes? Figure the examples and life expectancy and lower rates of childhood mortality. And this is known as the infant mortality. The life expectancy and infant mortality rates are two examples of help out. Health outcomes, however, may not be significantly affected by healthcare expenditures. So the United States believes that healthcare expenditures affects it, so that's gonna be one of them health care expenditures. But it seems like that's only us because it goes on to say which are read after writing this. Okay, Expenditures in the long words. So this may take a few seconds. All right, so just to reiterate, it says in the United States, um, private health care insurance tends to be tense tune cards. Even greater demand for healthcare service is which healthcare providers are happy to fulfill. I'm so expenditure healthcare expenditures in the United States are higher, as it says here in the United States, air fi harder than healthcare temperatures in other countries. So the United States economists in the US, especially, they believe, may use healthcare expenditures as a measure of healthcare outcomes. Um and then also it states later on, though, however, that many studies have shown that a country's health is more closely related to diet, exercise and genetic factors than to healthcare expenditures. To be honest, it is impossible to tell whether healthcare expenditure or, um, things like diet, exercise and cherry factors. Um, show health outcomes. But all four are youse. So diet is the second metric that typically Hunter's probably outside the U. S. Used exercise again. The section is a little bit big, kind of hard to pick up on this stuff. Diet, exercise and genetic factors but in its final, some justice says this back further. Emphasize that the United States alone is spending very large enough medical care with little obvious health care. Because, as I'm writing, a lot of other countries don't even use healthcare. Furniture's back. The U. S. May be the only one who used I exercise and genetic factors to tell. Um, sure, health outcomes. So there you have it. Uh, there's a distinguishing factor between the United States and other places abroad. But how carrots on the jurors diet, exercise and giant factors are the four metrics, um, most commonly used to determine health outcomes. If you guys enjoyed my video explanation of this problem, Priest of the Light. But next to the video, I hope you all have a nice day and thank you for watching today.

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