Article 4
“Healthy Bodies and Thick Wallets: The dual relation between health and economic status”
James P. Smith “Healthy Bodies and Thick Wallets: The dual relation between health and economic status” written by James P. Smith, published in the Spring 1999 Journal of Economics Perspectives, outlines the association between economic status, income, and wealth. In this article Smith, discuss how socioeconomic status affects an individual’s overall health. In this article, we learn that economists debate the low economy status leads to poor health, “industrial-countries, argue the less well-to-do have access to less or lower quality medical care or a stronger pattern of deleterious personal behaviors,” (Smith, 1999, p. 145). Smith included in this article a table of self-reported health status of median wealth. This table is an illustration of the association between health and wealth over a period of a decade. This article has another excellent illustration of the life-cycle models. This model basis its …show more content…
Sloan Arrow’s Concept of the Health Care consumer: A Forty- Year Retrospective is a review of Arrows 1963 article and how it pertains to today’s health and medical care; it was written by Frank Sloan of Duke University. In much of this article, Sloan correlates the consumer of present day with the article written over 40 years previous. According to Sloan, those that consume care in the medical field present a unique circumstance. There are several reasons for this distinctiveness, to which Sloan addresses throughout the article. Consumers in general are not well informed, because of the need of services at the moment, often information is not gathered appropriately, thus leading to “no well-informed” consumer. However if the patient would flip to the role of consumer versus patient, they could utilize good understanding of the “product and
“Healthy Bodies and Thick Wallets: The dual relation between health and economic status”
James P. Smith “Healthy Bodies and Thick Wallets: The dual relation between health and economic status” written by James P. Smith, published in the Spring 1999 Journal of Economics Perspectives, outlines the association between economic status, income, and wealth. In this article Smith, discuss how socioeconomic status affects an individual’s overall health. In this article, we learn that economists debate the low economy status leads to poor health, “industrial-countries, argue the less well-to-do have access to less or lower quality medical care or a stronger pattern of deleterious personal behaviors,” (Smith, 1999, p. 145). Smith included in this article a table of self-reported health status of median wealth. This table is an illustration of the association between health and wealth over a period of a decade. This article has another excellent illustration of the life-cycle models. This model basis its …show more content…
Sloan Arrow’s Concept of the Health Care consumer: A Forty- Year Retrospective is a review of Arrows 1963 article and how it pertains to today’s health and medical care; it was written by Frank Sloan of Duke University. In much of this article, Sloan correlates the consumer of present day with the article written over 40 years previous. According to Sloan, those that consume care in the medical field present a unique circumstance. There are several reasons for this distinctiveness, to which Sloan addresses throughout the article. Consumers in general are not well informed, because of the need of services at the moment, often information is not gathered appropriately, thus leading to “no well-informed” consumer. However if the patient would flip to the role of consumer versus patient, they could utilize good understanding of the “product and